92-1342 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

            Petitioner,                                                         :           ORDER OF APPROVAL

                                                                                    :

v.                                                                                 :

                                                                                    :

PROPERTY TAX DIVISION OF THE                       :           Appeal Nos. 92-1342

            UTAH STATE TAX COMMISSION,            :           and 93-0985

            Respondent.                                                     :           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 dates XXXXX and 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 XXXXX was $$$$$.  This original assessment was based on valuation of land, improvements, and personal property in the amount of $$$$$ and a "TC-609" taxable increment of $$$$$.  The Property Tax Division has prepared a revised valuation based on additional material provided by the taxpayer.  The revised valuation decreases the TC-609 taxable increment to $$$$$.

            The value of the land, improvements, and personal property remains the same.  The Property Tax Division and the taxpayer agree that the revised

XXXXX Utah total taxable value of all the taxpayer's property should be $$$$$.  Based on the XXXXX valuation, the Property Tax Division and the taxpayer also agree that the taxpayer's XXXXX appeal should be withdrawn.  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 subject property for the tax year XXXXX is $$$$$, and that Appeal No. 93-0985 is dismissed.  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 9 day of December, 1993.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

W. Val Oveson                                                            Roger O. Tew

Chairman                                                                      Commissioner

Joe B. Pacheco                                                            Alice Shearer

Commissioner   Commissioner