Over-assessed vs. comparables

450 N Main St

Layton · Davis County, Utah · commercial property · 12,441 sq ft · Utah Code §59-2-1004

$3,922estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Davis public rollUtah
Current assessment$2,334,001
What the comparable assessments support$1,977,485
Estimated over-assessment$356,516 · 15.3%
Comparable basis$159/SF
Estimated tax saved / year$3,922

Straight from the public Utah roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable assessments behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public assessment figures matter.

Comparable assessment $/SFAdjusted $/SFSizeBuilt
$65$6413,240 SF2003
$88$8613,280 SF2003
$102$10112,325 SF2005
$151$14813,158 SF2003
$150$15114,400 SF2006
$171$16711,520 SF2005
$186$18512,000 SF2007
$215$21113,056 SF2003

Why this is the lever

Utah Code §59-2-1004

Under §59-2-1004, a property owner may appeal the equalization of an assessment. Because Utah is a non-disclosure state, the assessor's own comparable assessed values are the evidence: when an assessment materially exceeds comparable assessed values, the Board of Equalization can equalize it down to match.

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