Over-assessed vs. comparables

275 S 200 W

Salt Lake City · Salt Lake County, Utah · commercial property · 13,332 sq ft · Utah Code §59-2-1004

$8,432estimated 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$3,406,500
What the comparable assessments support$2,639,922
Estimated over-assessment$766,578 · 22.5%
Comparable basis$198/SF
Estimated tax saved / year$8,432

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$9813,822 SF1938
$114$11412,613 SF1934
$150$14914,212 SF1930
$189$18512,000 SF1930
$188$18513,998 SF1929
$206$21114,086 SF1937
$279$28513,382 SF1937
$297$29614,798 SF1930

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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