Over-assessed vs. comparables

2935 S State St

South Salt Lake · Salt Lake County, Utah · commercial property · 1,200 sq ft · Utah Code §59-2-1004

$1,316estimated 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$484,500
What the comparable assessments support$364,895
Estimated over-assessment$119,605 · 24.7%
Comparable basis$304/SF
Estimated tax saved / year$1,316

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
$261$2611,237 SF2005
$263$2611,177 SF2005
$275$2741,218 SF2005
$275$2741,218 SF2005
$284$2861,271 SF2006
$322$3221,173 SF2007
$348$3511,236 SF2007
$357$3551,217 SF2005

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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