92-1569 - Centrally Assessed

 

BEFORE THE UTAH STATE TAX COMMISSION

__________________________________

XXXXX

Petitioner, : ORDER OF APPROVAL

v. :

:

PROPERTY TAX DIVISION OF THE : Appeal No. 92-1569

UTAH STATE TAX COMMISSION, :

: Tax Type: Cent. 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 based on the following adjustments: 1) Computer equipment that was classified as XXXXX is now classified as XXXXX; 2) Licensed vehicles that were included on your assessment have been removed; and 3) The classification of refinery equipment has been changed from XXXXX to a XXXXX. The refinery equipment was classified as XXXXX for the XXXXX assessment year. The valuation for tax area XXXXX has been reduced from $$$$$ to $$$$$. The real estate value remains at $$$$$ and the improvement value remains at $$$$$. The personal property value was reduced from $$$$$ to $$$$$. The total refinery valuation for both taxing districts was reduced from $$$$$ to $$$$$. Therefore, the value for the XXXXX tax year is $$$$$.

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 $$$$$.

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 25th day of March, 1993.

BY ORDER OF THE UTAH STATE TAX COMMISSION.

R. H. Hansen Roger O. Tew

Chairman Commissioner

Joe B. Pacheco S. Blaine Willes

Commissioner Commissioner