Over-assessed vs. comparables

221 N Quince St

Salt Lake City · Salt Lake County, Utah · multifamily property · 13,320 sq ft · Utah Code §59-2-1004

$14,607estimated 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$4,011,600
What the comparable assessments support$2,683,733
Estimated over-assessment$1,327,867 · 33.1%
Comparable basis$201/SF
Estimated tax saved / year$14,607

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
$111$10911,479 SF1951
$177$1729,790 SF1952
$178$18113,015 SF1956
$182$18112,496 SF1953
$185$18715,012 SF1953
$222$2169,588 SF1953
$211$22213,862 SF1962
$237$24713,800 SF1960

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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