BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX, )
Petitioner, : ORDER OF APPROVAL
v. :
PROPERTY TAX
DIVISION OF THE : Appeal No. 91-1170
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 of the valuation is necessary. The original XXXXX Utah valuation computed by
the Property Tax Division for XXXXX is $$$$$, based on a system value of $$$$$
and XXXXX cars allocated to Utah, and a calculated average value per car of
$$$$$. The Property Tax Division and
the taxpayer agree that costs of adjustments made to cars that do not increase
the economic life or value of the cars should not be applied to the Division's
standard personal property tables but rather should be adjusted for normal
depreciation only. Following this adjustment, the Division and the taxpayer
agree that the market value of the system should be $$$$$. The Utah allocated cars remains at
XXXXX. The average value per car is
reduced to $$$$$. This results in a
revised allocated Utah value of $$$$$.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §592-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the Utah portion of the subject property for the tax year XXXXX is $$$$$.
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 10 day of December, 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