Over-assessed vs. comparables

34 S 500 E # 201

Salt Lake City · Salt Lake County, Utah · commercial property · 848 sq ft · Utah Code §59-2-1004

$1,103estimated 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$359,200
What the comparable assessments support$258,958
Estimated over-assessment$100,242 · 27.9%
Comparable basis$305/SF
Estimated tax saved / year$1,103

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
$93$92815 SF1955
$269$268823 SF1956
$288$284738 SF1956
$286$285823 SF1956
$288$285782 SF1956
$323$325905 SF1956
$323$325905 SF1956
$343$344874 SF1956

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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