BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX
Petitioner, : ORDER OF APPROVAL
:
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal Nos. 92-1363 & 93-1108
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 $$$$$ to
$$$$$ for the XXXXX tax year is necessary.
They have also greed that an adjustment of the valuation from $$$$$ to
$$$$$ for the XXXXX tax year is necessary.
The capitalization rates employed in these assessments were adjusted for
a "cellular influence" adjustment and additional risk borne by
Petitioner as compared to that borne by the comparable companies used to
determine the capitalization rate used in the original assessment.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann.
§592-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$, and the value for the
XXXXX tax year is $$$$$.
The
Property Tax Division is hereby ordered to adjust its records in accordance
with this order of approval. The County
Auditors are authorized to adjust their 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