BEFORE THE UTAH STATE TAX
COMMISSION
_____________________________________
XXXXX
Petitioner, : ORDER OF APPROVAL
v. :
:
PROPERTY TAX
DIVISION OF THE : Appeal No. 92-1618
UTAH STATE TAX COMMISSION, :
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
expense data for the wells was inaccurately processed during the original
analysis. After making the adjustment,
the value for the XXXXX tax year is $$$$$. Petitioner, upon receiving verbal agreement
on the revised value, withdrew its appeal assuming that the revised value had
been finalized. However, this agreement is subject to the approval of the Tax
Commission. Each affected county had
standing to object to the assessment of the subject property pursuant to Utah
Code Ann. 59-2-1007, but elected not to do so.
ORDER
Based
on the foregoing, the Utah State Tax Commission hereby finds the market value
of the subject property for the tax year XXXXX is $$$$$. 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 20 day of November, 1992.
BY ORDER OF THE UTAH STATE TAX COMMISSION.
R. H. Hansen Joe
B. Pacheco
Chairman Commissioner
S. Blaine
Willes Roger
O. Tew
Commissioner Commissioner