Over-assessed vs. comparables

118 N 300 W

Salt Lake City · Salt Lake County, Utah · commercial property · 7,014 sq ft · Utah Code §59-2-1004

$6,063estimated 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$2,083,500
What the comparable assessments support$1,532,346
Estimated over-assessment$551,154 · 26.5%
Comparable basis$218/SF
Estimated tax saved / year$6,063

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
$129$1317,152 SF1985
$183$1868,092 SF1983
$194$1927,124 SF1980
$207$2087,785 SF1982
$214$2116,537 SF1982
$222$2267,016 SF1986
$233$2377,350 SF1986
$243$2395,796 SF1983

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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