Over-assessed vs. comparables

358 S 500 E

Salt Lake City · Salt Lake County, Utah · commercial property · 2,732 sq ft · Utah Code §59-2-1004

$1,908estimated 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$906,100
What the comparable assessments support$732,646
Estimated over-assessment$173,454 · 19.1%
Comparable basis$268/SF
Estimated tax saved / year$1,908

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
$123$1212,492 SF1916
$215$2142,535 SF1919
$216$2142,436 SF1919
$251$2452,512 SF1915
$273$2682,340 SF1917
$269$2692,922 SF1916
$293$2872,767 SF1914
$322$3252,700 SF1920

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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