Kennecott Corp. v. Utah State Tax Commission

HALL, Chief Justice:

Kennecott Corporation (“Kennecott”) petitions this court to review a Utah State Tax Commission (“Commission”) decision whereby the Commission determined the 1988 assessed value of Kennecott’s real and personal property. We affirm.

Kennecott’s primary business is mining. It owns real property, improvements, and personal property located in Salt Lake County. Kennecott’s mining properties are subject to central assessment by the property tax division (“Division”) of the Commission.

The Division originally assessed the value of Kennecott’s centrally taxable property as of…