BEFORE THE UTAH STATE TAX
COMMISSION
____________________________________
XXXXX,
Petitioner, : ORDER
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 90-2711
UTAH STATE TAX COMMISSION, :
Respondent. :
____________________________________
STATEMENT OF CASE
The
above-captioned matter involves an appeal to the Utah State Tax Commission from
the Factoring Order issued to XXXXX on XXXXX.
On
XXXXX, representatives of the Petitioner and the Respondent met to review
questions regarding the data and issues of statistical methodology and
application of the factor order. Based
upon the facts presented, the parties entered into an agreement and signed a
stipulation on XXXXX. A copy of the
stipulation is attached.
ORDER
Based
upon the stipulation of the parties, the Tax Commission hereby approves and
adopts the terms of the stipulation as entered into by the parties on XXXXX,
and enters its Order pursuant to the terms contained therein.
DATED
this 19 day of February, 1991.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco G.
Blaine Davis
Commissioner Commissioner
BEFORE THE UTAH STATE TAX
COMMISSION
____________________________________
XXXXX ) STIPULATION
Petitioner, :
v. : Appeal No. 90-2711
PROPERTY TAX
DIVISION :
UTAH STATE TAX COMMISSION :
Respondent :
_____________________________________
Statement
of Facts
Pursuant
to the provisions of Utah Code Annotated59-2-704(2), 1953, the Utah State Tax
Commission issued a factoring order to XXXXX on the fourth Tuesday of
XXXXX. The order, based upon the XXXXX
Assessment/Sales Ratio Study, set forth a ratio of XXXXX and a factor of XXXXX
on the Vacant Land class of property.
On
XXXXX, XXXXX filed an appeal of the XXXXX factor order with the Utah State Tax
Commission.
On
XXXXX, XXXXX met with the Property Tax Division to review questions of error
and/or omission in the data and issues regarding statistical methodology and
application of the factor order.
An
analysis of the vacant land sales used to compute the assessment level revealed
some specific areas of the county which are undervalued. By reviewing and updating the land values in
the defined areas noted improvement can be made in the assessment level on the
vacant land category.
Based
upon the facts presented, the Property Tax Division and XXXXX stipulate:
1. XXXXX will reappraise all vacant land
parcels in the XXXXX for the XXXXX tax roll.
2. XXXXX will review and update the values of
recreational subdivisions in the XXXXX area for the XXXXX tax roll.
3. The county land guide will be updated and
presented to the Property Tax Division for review by XXXXX.
4. XXXXX will reappraise all vacant land
parcels, a portion of which will be completed by XXXXX with the remainder being
completed by XXXXX.
5. It is agreed that all reappraisal work and
plans will follow the State Tax Commission Reappraisal Guidelines.
6. The parties agree that this stipulation may
be modified based on results of future assessment/sales ratio studies conducted
by the Property Tax Division, or that factor orders may be reinstituted if
significant improvement in assessment level performance is not attained.
7. Based upon the parties' agreement in
paragraphs (1) through (5) above, the parties jointly recommend that Appeal No.
90-2711 be dismissed by order of the Tax Commission incorporating the
adjustments set forth.
Dated the XXXXX day of
XXXXX.
XXXXX
Petitioner
XXXXX
Representative,
Property Tax Division
Utah State Tax Commission