92-2142 - Centrally Assessed

BEFORE THE UTAH STATE TAX COMMISSION

____________________________

XXXXX, )

Petitioner, : ORDER OF APPROVAL

v. )

:

PROPERTY TAX DIVISION OF THE ) Appeal No. 92-2142

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. The original XXXXX valuation computed by the Property Tax Division for the private rail cars of XXXXX was $$$$$. An error was made on the original assessment which resulted in 100% of the value of the taxpayer's rail cars being allocated to the state of Utah. The Property Tax Division has determined that the proper Utah allocation percentage is 22.0324%. Therefore, the value is adjusted from $$$$$ to $$$$$ for the XXXXX tax year.

Salt Lake 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 Sale Lake County Auditor is 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