Over-assessed vs. comparables

2011 S 1100 E

Salt Lake City · Salt Lake County, Utah · commercial property · 2,080 sq ft · Utah Code §59-2-1004

$1,518estimated 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$577,000
What the comparable assessments support$438,966
Estimated over-assessment$138,034 · 23.9%
Comparable basis$211/SF
Estimated tax saved / year$1,518

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
$131$1322,112 SF1948
$134$1352,208 SF1947
$138$1381,993 SF1947
$159$1592,020 SF1947
$159$1612,090 SF1949
$264$2612,000 SF1946
$346$3341,472 SF1946
$350$3481,940 SF1947

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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