Over-assessed vs. comparables

163 S 600 E

Salt Lake City · Salt Lake County, Utah · multifamily property · 4,821 sq ft · Utah Code §59-2-1004

$4,693estimated 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$1,525,400
What the comparable assessments support$1,098,796
Estimated over-assessment$426,604 · 28.0%
Comparable basis$228/SF
Estimated tax saved / year$4,693

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
$144$1445,023 SF1903
$144$1454,941 SF1905
$154$1534,766 SF1903
$204$2064,826 SF1906
$210$2084,779 SF1903
$247$2484,829 SF1904
$268$2654,764 SF1902
$266$2684,732 SF1906

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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