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also agree that the taxpayer's XXXXX appeal should be withdrawn.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