Over-assessed vs. comparables

465 N Wasatch Dr

Layton · Davis County, Utah · commercial property · 14,354 sq ft · Utah Code §59-2-1004

$5,927estimated 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$2,990,707
What the comparable assessments support$2,451,908
Estimated over-assessment$538,799 · 18.0%
Comparable basis$171/SF
Estimated tax saved / year$5,927

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$6615,000 SF2001
$86$8513,362 SF1999
$85$8714,892 SF2003
$117$11915,098 SF2001
$173$17115,042 SF1995
$173$17112,874 SF1998
$214$21816,134 SF2001
$218$22314,170 SF2004

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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