BEFORE THE UTAH STATE TAX
COMMISSION
_________________________
XXXXX
Petitioner : ORDER OF APPROVAL
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal No. 92-1601
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. Many XXXXX wells were
reappraised based on additional expense and production information provided by
the company. Therefore, the value is adjusted from $$$$$ to $$$$$ for the XXXXX
tax year.
Each
affected county had standing to object to the assessment of the subject
property pursuant to Utah Code Ann. §592-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$.
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 5th day of November, 1992.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Roger
O. Tew
Chairman Commissioner
Joe B.
Pacheco S.
Blaine Willes
Commissioner Commissioner