Over-assessed vs. comparables

264 N 200 W

Salt Lake City · Salt Lake County, Utah · multifamily property · 5,172 sq ft · Utah Code §59-2-1004

$3,676estimated 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$1,667,100
What the comparable assessments support$1,332,881
Estimated over-assessment$334,219 · 20.1%
Comparable basis$258/SF
Estimated tax saved / year$3,676

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
$177$1795,220 SF1975
$223$2215,148 SF1971
$218$2215,881 SF1973
$231$2315,400 SF1972
$252$2505,048 SF1972
$263$2665,780 SF1973
$272$2714,755 SF1974
$277$2784,955 SF1975

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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