BEFORE THE UTAH STATE TAX
COMMISSION
______________________________
XXXXX
Petitioner, : ORDER OF APPROVAL
:
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal No. 92-1344
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 an adjustment of the valuation is
necessary. The original XXXXX Utah
valuation for the rolling stock of XXXXX, is $$$$$, based on a fair market
valuation of $$$$$ and a Federally mandated relief percentage of 3.3%. The Property Tax Division and the taxpayer
agree that the original assessment double assessed XXXXX. The Property Tax Division has prepared a
revised appraisal which eliminates this double assessment. The revised rolling stock assessment after
the Federally mandated relief is $$$$$.
Therefore, the value is adjusted from $$$$$ to $$$$$ for the XXXXX tax
year.
Each
affected county had standing to object to the assessment of the subject property
pursuant to Utah Code Ann. §592-1007,
but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
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 5th day of October, 1992.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco S.
Blaine Willes
Commissioner Commissioner