Over-assessed vs. comparables

257 E 200 S # 1395

Salt Lake City · Salt Lake County, Utah · commercial property · 406,941 sq ft · Utah Code §59-2-1004

$86,381estimated 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$44,727,000
What the comparable assessments support$36,874,196
Estimated over-assessment$7,852,804 · 17.6%
Comparable basis$91/SF
Estimated tax saved / year$86,381

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
$0$0392,658 SF1982
$46$47395,985 SF1993
$54$52312,626 SF1982
$74$74448,703 SF1982
$75$75435,892 SF1984
$103$106418,400 SF1991
$125$120388,906 SF1979
$124$120314,405 SF1985

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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