Over-assessed vs. comparables

3024 E Kennedy Dr

Salt Lake City · Salt Lake County, Utah · multifamily property · 5,000 sq ft · Utah Code §59-2-1004

$2,566estimated 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$1,321,200
What the comparable assessments support$1,087,893
Estimated over-assessment$233,307 · 17.7%
Comparable basis$218/SF
Estimated tax saved / year$2,566

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
$162$1574,928 SF1976
$177$1795,328 SF1981
$189$1884,591 SF1981
$208$2085,318 SF1980
$220$2175,040 SF1978
$217$2194,526 SF1984
$220$2214,526 SF1984
$221$2274,991 SF1986

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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