Over-assessed vs. comparables

2464 W 1500 S

Salt Lake City · Salt Lake County, Utah · commercial property · 13,920 sq ft · Utah Code §59-2-1004

$7,498estimated 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$2,553,200
What the comparable assessments support$1,871,581
Estimated over-assessment$681,619 · 26.7%
Comparable basis$134/SF
Estimated tax saved / year$7,498

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$9313,984 SF1983
$103$10213,478 SF1984
$122$11913,102 SF1982
$129$12914,926 SF1984
$132$12914,280 SF1981
$138$13915,480 SF1986
$165$16815,776 SF1987
$201$19613,195 SF1982

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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