BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX ) ORDER
: Appeal
Nos.
PROPERTY TAX
DIVISION, : 93-1027 through 93-1031
UTAH STATE TAX COMMISSION : 92-1367
through 92-1372
: 91-1090
through 91-1095
Respondent. :
_____________________________________
On
XXXXX, Petitioners, Respondent, Property Tax Division of the Utah State Tax
Commission (the "Division"), and the following counties in which the
taxable property of petitioners is located (the "Counties"),
Petitioner
Counties
XXXXX XXXXX
XXXXX XXXXX
& XXXXX
XXXXX XXXXX
XXXXX XXXXX
XXXXX XXXXX,
XXXXX,
XXXXX
XXXXX XXXXX,
XXXXX & XXXXX
by and through their respective counsel of
record, jointly filed a Stipulation Of Settlement and Motion to Approve
Settlement for the above captioned appeals.
Based
upon the Stipulation of all affected parties and for good cause appearing, the
Commission hereby finds and orders the following in accordance with the
Stipulation Of Settlement:
1. As a result of certain calculation and
reporting errors, adjustments must be made to the assessed values of
Petitioners' Utah property for tax years XXXXX, XXXXX and XXXXX. After making these adjustments, the
Commission finds that the correct fair market values of Petitioners' taxable
Utah properties are as follows:
XXXXX Original XXXXX
Corrected
Petitioner Value Value
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX Original XXXXX
Corrected
Petitioner Value Value
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX Original XXXXX
Corrected
Petitioner Value Value
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
XXXXX $$$$$$$$$$
2. The values set forth in the preceding
paragraph result in a reduction in the values that were originally assessed
against the Petitioners' Utah property.
Inasmuch as the state assessed values set forth in the preceding
paragraph are apportioned among some of the Counties, the County Auditors are
hereby directed to reduce their respective assessment rolls to account for the
portion of the reduction in Petitioners' property values that is allocable to
their respective county.
3. The Counties are further directed to refund
the excess property tax that was collected on the value differences between the
values currently appearing on their respective assessment rolls and the portion
of the corrected state assessed values set forth in Paragraph 1 that is allocable
to their respective county.
4. Pursuant to Utah Code Ann. §59-2-1330 (1990), the Counties are further
directed to pay interest on the refund amounts "at a rate equal to the
rate earned by the county" from the time the taxes were paid until the
date the refunds are paid.
5. This Order is a final order and resolution
of all issues presented by the pleadings in the Appeals insofar as they relate
to Petitioners' property located in the Counties. The Commission recognizes that this resolution of the issues
presented is solely for the purpose of avoiding protracted litigation and
associated costs and delays and does not constitute an admission by any of the
Parties as to the proper treatment of any item raised in the pleadings in the
Appeals.
DATED
this 10th day of June, 1994.
BY ORDER OF THE UTAH STATE TAX COMMISSION
W. Val
Oveson Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco Alice
Shearer
Commissioner Commissioner