92-1366, & 91-1155 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

_____________________________________

XXXXX

Petitioner, : ORDER OF APPROVAL

:

v. :

:

PROPERTY TAX DIVISION OF THE : Appeal Nos. 91-1155 & 92-1366

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 $$$$$ to $$$$$ for the XXXXX tax year is necessary. They have also agreed that an adjustment of the valuation from $$$$$ to $$$$$ for the XXXXX tax year is necessary. The capitalization rates employed in these assessments were adjusted 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 assessments.

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 30th day of September, 1994.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

W. Val Oveson Roger O. Tew