BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX ) ORDER OF APPROVAL
Petitioner :
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 91-1081
UTAH STATE TAX COMMISSION, : Tax
Type: Centr. 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 date XXXXX.
Petitioner
and Respondent have agreed that an adjustment of the valuation is
necessary. The gas storage wells that
belong to XXXXX have been removed from the assessment of XXXXX. Therefore, the value is adjusted from $$$$$
to $$$$$ for the XXXXX tax year.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §592-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
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 2 day of February, 1994.
BY ORDER OF THE UTAH STATE TAX COMMISSION.