Over-assessed vs. comparables

375 S 300 W

Salt Lake City · Salt Lake County, Utah · commercial property · 12,342 sq ft · Utah Code §59-2-1004

$6,656estimated 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$2,824,300
What the comparable assessments support$2,219,171
Estimated over-assessment$605,129 · 21.4%
Comparable basis$180/SF
Estimated tax saved / year$6,656

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
$33$3110,000 SF1910
$51$5213,662 SF1916
$64$6513,022 SF1919
$78$7711,388 SF1915
$179$17710,466 SF1917
$178$18313,098 SF1920
$194$19612,859 SF1918
$240$24112,094 SF1917

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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