Over-assessed vs. comparables

2265 S State St Apt 590

South Salt Lake · Salt Lake County, Utah · multifamily property · 424,984 sq ft · Utah Code §59-2-1004

$179,451estimated 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$98,926,800
What the comparable assessments support$82,613,034
Estimated over-assessment$16,313,766 · 16.5%
Comparable basis$194/SF
Estimated tax saved / year$179,451

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
$150$152434,415 SF2021
$188$186417,428 SF2016
$189$190447,119 SF2018
$193$191377,857 SF2018
$193$191397,362 SF2017
$200$198417,428 SF2016
$203$201393,180 SF2018
$210$211406,903 SF2020

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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