Over-assessed vs. comparables

356 W Reed Ave

Salt Lake City · Salt Lake County, Utah · commercial property · 16,016 sq ft · Utah Code §59-2-1004

$3,834estimated 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$1,994,500
What the comparable assessments support$1,645,978
Estimated over-assessment$348,522 · 17.5%
Comparable basis$103/SF
Estimated tax saved / year$3,834

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
$56$5615,675 SF1957
$81$8216,437 SF1957
$87$8715,912 SF1956
$91$9116,100 SF1955
$94$9315,580 SF1954
$112$11215,286 SF1956
$126$12614,919 SF1957
$171$17315,515 SF1958

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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