Over-assessed vs. comparables

1070 E Riches Ave

Millcreek · Salt Lake County, Utah · multifamily property · 23,000 sq ft · Utah Code §59-2-1004

$29,018estimated 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$6,963,500
What the comparable assessments support$4,325,527
Estimated over-assessment$2,637,973 · 37.9%
Comparable basis$188/SF
Estimated tax saved / year$29,018

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
$0$017,736 SF2020
$170$17325,290 SF2018
$176$17421,689 SF2015
$178$18024,961 SF2017
$180$18225,843 SF2015
$187$19423,489 SF2023
$222$22321,222 SF2019
$243$25124,229 SF2022

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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