Over-assessed vs. comparables

158 S State St

Salt Lake City · Salt Lake County, Utah · commercial property · 3,515 sq ft · Utah Code §59-2-1004

$1,488estimated 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$836,600
What the comparable assessments support$701,292
Estimated over-assessment$135,308 · 16.2%
Comparable basis$200/SF
Estimated tax saved / year$1,488

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
$99$973,269 SF1905
$107$1103,688 SF1909
$138$1393,900 SF1906
$147$1463,668 SF1904
$176$1753,726 SF1904
$224$2243,551 SF1906
$255$2543,797 SF1904
$276$2783,914 SF1905

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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