Over-assessed vs. comparables

159 S Main St

Salt Lake City · Salt Lake County, Utah · commercial property · 10,575 sq ft · Utah Code §59-2-1004

$8,758estimated 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$2,375,200
What the comparable assessments support$1,579,049
Estimated over-assessment$796,151 · 33.5%
Comparable basis$149/SF
Estimated tax saved / year$8,758

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
$95$9510,870 SF1946
$99$9910,836 SF1946
$109$11010,492 SF1947
$139$1389,986 SF1946
$140$14010,400 SF1947
$159$15810,330 SF1946
$230$2289,744 SF1946
$260$26110,952 SF1946

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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