Over-assessed vs. comparables

116 N B St

Salt Lake City · Salt Lake County, Utah · multifamily property · 3,501 sq ft · Utah Code §59-2-1004

$1,644estimated 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$1,100,100
What the comparable assessments support$950,646
Estimated over-assessment$149,454 · 13.6%
Comparable basis$272/SF
Estimated tax saved / year$1,644

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
$200$2013,888 SF1890
$208$2093,767 SF1890
$228$2283,624 SF1891
$236$2323,100 SF1890
$257$2573,902 SF1889
$291$2863,019 SF1890
$287$2943,469 SF1896
$291$2943,721 SF1892

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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