BEFORE THE UTAH STATE TAX
COMMISSION
____________________________________
XXXXX,
Petitioner, : ORDER
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 90-2712
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. 90-2712
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 by 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.
After
a thorough analysis of the XXXXX sales ratio study, XXXXX has determined that a
reappraisal program is the best approach to solve the equity and assessment
level problems as they presently exists.
It is XXXXX's plan to implement a five year reappraisal program. This program covers all classes of
property. The county has been broken
down into seven geographic value regions.
The county has identified region four as being the area of greatest
concern. Region four is considered the
highest valued and largest segment of the parcel population, and is
experiencing the fastest growth rate.
Based
upon the facts presented, the Property Tax Division and XXXXX stipulate:
1. XXXXX will submit to the Property Tax
Division a five year reappraisal plan covering all activities and a general
time schedule. This plan shall be
submitted to the Property Tax Division for approval by XXXXX.
2. XXXXX will review and update the XXXXX land
valuation guide by XXXXX.
3. XXXXX will review and update the values of all
transitional vacant land parcels in region four, XXXXX and XXXXX, for the XXXXX
tax roll.
4. It is agreed that all reappraisal work and
plans will follow the State Tax Commission Reappraisal Guidelines.
5. 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.
6. Based upon the parties' agreement in
paragraphs (1) through (5) above, the parties jointly recommend that Appeal No.
90-2712 be dismissed by order of the Tax Commission incorporating the
adjustments set forth.
Dated the XXXXX day of
XXXXX.
Petitioner
XXXXX
Representative,
Property Tax Division
Utah
State Tax Commission