Amax Magnesium Corp. v. Utah State Tax Commission

HALL, Chief Justice:

This case is before the court on a writ of review from a Utah State Tax Commission (“Tax Commission”) decision determining the 1986 assessed value of petitioner Amax Magnesium Corporation’s (“Amax”) real and personal property located in Tooele County, Utah.

The Tax Commission originally assessed the value of Amax’s property as of January 1, 1986, at $84,332,150. After an informal hearing held on August 25, 1986, the Tax Commission reduced the assessed value of Amax’s property to $78,312,895.

The Tax Commission, thereafter held a plenary formal hearing to determine the fair…