Over-assessed vs. comparables

1063 S State St

Salt Lake City · Salt Lake County, Utah · commercial property · 5,860 sq ft · Utah Code §59-2-1004

$2,108estimated 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

Salt Lake public rollUtah
Current assessment$1,087,600
What the comparable assessments support$895,931
Estimated over-assessment$191,669 · 17.6%
Comparable basis$153/SF
Estimated tax saved / year$2,108

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
$79$816,000 SF1968
$101$1006,281 SF1963
$131$1305,152 SF1966
$143$1415,171 SF1965
$153$1505,760 SF1961
$158$1565,795 SF1963
$188$1896,320 SF1964
$249$2465,298 SF1965

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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