BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX, )
Petitioner, : ORDER OF APPROVAL
v. :
PROPERTY TAX
DIVISION OF THE : Appeal Nos. 89-0645
UTAH STATE TAX COMMISSION, : and
91-0982
: Tax Type:
Cent. Assessed
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 dates XXXXX, XXXXX and
XXXXX.
Petitioner
and Respondent have agreed that an adjustment of the valuation is necessary
based on the following: 1) The XXXXX original valuation was based on prior
ownership data since new ownership data was limited until after an audit was
conducted. The revised valuation
reflects the market value of purchase price just prior to the lien date; 2) The
XXXXX revised valuation is the result of the reappraisal of assets; and 3) The
XXXXX revised valuation reflects (a) reappraisal of improvements and (b) elimination
of XXXXX value due to the termination of operations in XXXXX in consequence of
non-compliance to state environmental regulations. Therefore, the values for the XXXXX, XXXXX and XXXXX tax years
should be adjusted to $$$$$, $$$$$ and $$$$$ respectively.
XXXXX
had standing to object to the assessment of the subject property pursuant to
Utah Code Ann. §59-2-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax years XXXXX, XXXXX and XXXXX are $$$$$,
$$$$$ and $$$$$ respectively.
The
Property Tax Division is hereby ordered to adjust its records in accordance
with this order of approval. The XXXXX
County Auditor is also authorized to adjust its records in accordance with the
revised notice of assessment.
DATED
this 16 day of July, 1993.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
W. Val
Oveson Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco Alice
Shearer
Commissioner Commissioner