BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX, )
Petitioner, : ORDER OF APPROVAL
v. :
PROPERTY TAX
DIVISION OF THE : Appeal Nos. 91-0960 to
UTAH STATE TAX COMMISSION, : 91-0962
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 an adjustment to the valuation is
necessary. Based upon information
provided by Petitioner the following status changes have been made on the
corresponding wells:
Well API Number Change Made
XXXXX production
status changed
to pumping from
shut-in,
XXXXX production
status changed
to shut-in from
pumping,
XXXXX production
status changed
to
shut-in from pumping.
Therefore, the value is adjusted from $$$$$
to $$$$$ for the XXXXX tax year.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §59-2-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
The Property Tax Division is hereby ordered
to adjust its records in accordance with this order of approval. The affected County Auditors are also
authorized to adjust their records in accordance with the revised notice of
assessment.
DATED
this 11 day of October, 1991.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
ABSENT
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco S.
Blaine Willes
Commissioner Commissioner