BEFORE THE UTAH STATE TAX COMMISSION
Petitioner, : ORDER OF APPROVAL
PROPERTY TAX DIVISION OF THE : Appeal No. 92-1320
UTAH STATE TAX COMMISSION, :
: Tax Type: Cent. Assessed
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. Therefore, the value is adjusted from $$$$$ to $$$$$ for the above Petitioner for the XXXXX tax year based on the sale of all Petitioner's assets and Petitioner has gone out of the XXXXX business.
XXXXX county had standing to object to the assessment of the subject property pursuant to Utah Code Ann. §59-2-1007, but elected not to do so.
Based on the foregoing, the Utah State Tax Commission hereby finds the market value of the subject property for the above Petitioner for the tax year XXXXX is $$$$$.
The Property Tax Division is hereby ordered to adjust its records in accordance with this order of approval. The affected County Auditor is also authorized to adjust its records in accordance with the revised notice of assessment.
DATED this 20TH day of AUGUST, 1992.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Roger O. Tew