BEFORE THE UTAH STATE TAX
COMMISSION
_______________________________
XXXXX
XXXXX
:
Petitioner, : ORDER OF APPROVAL
:
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal No. 92-1306
UTAH STATE TAX COMMISSION, :
: 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 date XXXXX.
Petitioner
and Respondent have agreed that an adjustment of the valuation is
necessary. The original XXXXX Utah
valuation computed by the Property Tax Division for the land and improvements
of XXXXX is $$$$$, based on a fair market valuation of $$$$$ and a Federally
mandated relief percentage of 3.3%. The
Property Tax Division has revised the assessment and has relied on a full
narrative appraisal report provided by the taxpayer. The Property Tax Division and the taxpayer agree that the revised
fair market value of the taxpayer's land and improvements is $$$$$. Following the Federally mandated relief
percentage of 3.3%, the Utah assessed value of the land and improvements is
$$$$$. The value of personal property
of the taxpayer remains at $$$$$.
Therefore, the value of the land and improvements is adjusted from $$$$$
to $$$$$ for the XXXXX tax year. The total value of the subject property
including personal property is adjusted from $$$$$ to $$$$$ for the XXXXX tax
year.
XXXXX
County had standing to object to the assessment of the subject property
pursuant to Utah Code Ann. §59-2-1007,
but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the land and improvements of the subject property for the tax year XXXXX is
$$$$$, the total value of the subject property is $$$$$.
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 13th day of October, 1992.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
ABSENT
R. H. Hansen Roger
O. Tew
Chairman Commissioner