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