BEFORE THE UTAH STATE TAX
COMMISSION
___________________________
XXXXX
Petitioner, : ORDER OF APPROVAL
:
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal No. 92-1305
UTAH STATE TAX COMMISSION, :
: Centrally
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 adjustment of the valuation is necessary. The original XXXXX Utah valuation for the
rolling stock of XXXXX, is $$$$$, based on a fair market valuation of $$$$$ and
a Federally mandated relief percentage of 3.3%. The Property Tax Division and the taxpayer agree that the
original fleet inventory from the prorate file erroneously listed XXXXX XXXXX
XXXXX trailers with cost new of $$$$$ each.
The correct cost new should have been $$$$$ each. The Property Tax Division has prepared a
revised assessment that corrects this error.
The revised rolling stock assessment after the Federally mandated relief
is $$$$$. Therefore, the value is adjusted from $$$$$ to $$$$$ for the XXXXX
tax year.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §592-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
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 2nd day of October, 1992.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Roger
O. Tew