BEFORE THE UTAH STATE TAX
COMMISSION
____________________________________
XXXXX
Petitioner, : ORDER
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 90-2714
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. 90-2714
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 Primary Residential and Vacant Land classes 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
an 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 exist.
XXXXX's plan to implement a five year reappraisal program will cover all
classes of property. The county has identified the XXXXX area as being the area
of greatest concern. This area is
considered the highest valued and largest segment of the parcel population, and
is experiencing the greatest economic change.
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 complete the reappraisal of all
properties in the XXXXX area by XXXXX.
The new values will be incorporated into the XXXXX tax roll.
3. XXXXX will implement a interim factoring
program for XXXXX on the portion of the county not being reappraised. The factors will be derived through
additional analysis of the sales ratio study.
The county will be divided into geographic value areas and the
appropriate factor will be applied.
4. It is agreed that all reappraisal work and
interim factor orders will follow the State Tax Commission 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.
90-2714 be dismissed by order of the Tax Commission incorporating the
adjustments set forth.
Dated the XXXXX day of
XXXXX.
Petitioner
Representative,
Property Tax Division
Utah
State Tax Commission