BEFORE THE UTAH STATE TAX
COMMISSION
_______________________________
XXXXX, )
Petitioner, : ORDER OF APPROVAL
)
v. :
)
PROPERTY TAX
DIVISION OF THE : Appeal Nos. 90-1186, 92-1435,
UTAH STATE TAX
COMMISSION, ) and 93-1109
: 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, XXXXX,
XXXXX, XXXXX, and XXXXX, XXXXX.
Petitioner
and Respondent have agreed that the following adjustments of the valuation are
necessary for the tax years indicated.
Tax Year Original Value Proposed Value
XXXXX $2,464,250 $2,282,710
XXXXX
2,515,270
2,340,050
XXXXX
3,200,000
3,125,880
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. §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 years in question to be as follows:
Tax Year Market
Value
XXXXX $2,282,710
XXXXX
2,340,050
XXXXX
3,125,880
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 30th 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