BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX, )
Petitioner, : ORDER OF APPROVAL
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 91-0949
UTAH STATE TAX COMMISSION, :
Respondent. :
_____________________________________
STATEMENT OF CASE
The
above-captioned matter involves an appeal to the Utah State Tax Commission from
the assessment by the Property Tax Division on the subject property. Petitioner asserted that the subject
property should have a lower market value as of the lien date XXXXX.
Petitioner
and Respondent have agreed that adjustment to the valuation is necessary and
proper. Therefore, the valuation of the
property should be reduced from $$$$$ to $$$$$ for the XXXXX tax year. This adjustment is a result of a reappraisal
of the subject property after a site inspection determined that this parcel was
in a very steep area and should be assessed at a lower value which is
comparable to other parcels in the same terrain and area.
The
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §59-2-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
The
Property Tax Division is hereby ordered to adjust its records in accordance
with this order of approval. The
affected County Auditor is also authorized to adjust its records in accordance
with the revised notice of assessment.
DATED
this 6 day of September, 1991.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
ABSENT