BEFORE THE UTAH STATE TAX COMMISSION
Petitioner, : ORDER OF APPROVAL
PROPERTY TAX DIVISION OF THE ) Appeal No. 92-2142
UTAH STATE TAX COMMISSION, :
) Tax Type: Cent. Assessed
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 $$$$$. An error was made on the original assessment which resulted in 100% of the value of the taxpayer's rail cars being allocated to the state of Utah. The Property Tax Division has determined that the proper Utah allocation percentage is 22.0324%. Therefore, the value is adjusted from $$$$$ to $$$$$ for the XXXXX tax year.
Salt Lake County had standing to object to the assessment of the subject property pursuant to Utah Code Ann. §59-2-1007, but elected not to do so.
Based on the foregoing, the Utah State Tax Commission hereby finds the
market value of the subject property for the tax year XXXXX is $$$$$
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
Joe B. Pacheco S. Blaine Willes