BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX
Petitioner, : ORDER OF APPROVAL
:
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal Nos. 92-1362 & 93-1106
UTAH STATE TAX COMMISSION, :
: Tax Type:
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 dates XXXXX and XXXXX. Petitioner
and Respondent have agreed that an adjustment of the valuation from $$$$$ to
$$$$$ for the XXXXX tax year is necessary. They also agreed that an adjustment
of the valuation from $$$$$ to $$$$$ for the XXXXX tax year is necessary. The
capitalization rates employed in these assessments were adjusted fro a
"cellular influence" adjustment and additional risk borne by Petitioner
as compared to that borne by the comparable companies used to determine the
capitalization rate used in the original assessment. XXXXX County had standing to object to the assessment of the
subject property pursuant to Utah Code Ann. 59-2-1007, but elected not to do
so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$, and the value for the
XXXXX tax year is $$$$$. The Property
Tax Division is hereby ordered to adjust its records in accordance with this
order of approval. The XXXXX County Auditor is authorized to adjust its records
in accordance with the revised notice of assessment.
DATED
this 30 day of September, 1994.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
W. Val
Oveson Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco Alice
Shearer
Commissioner Commissioner