Over-assessed vs. comparables

3990 S 700 W

Millcreek · Salt Lake County, Utah · commercial property · 46,026 sq ft · Utah Code §59-2-1004

$17,459estimated 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$5,796,500
What the comparable assessments support$4,209,289
Estimated over-assessment$1,587,211 · 27.4%
Comparable basis$91/SF
Estimated tax saved / year$17,459

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
$0$036,388 SF1980
$81$7934,320 SF1981
$88$8636,000 SF1982
$93$9152,876 SF1974
$95$9230,336 SF1982
$104$10756,838 SF1982
$116$11541,576 SF1981
$137$13448,610 SF1976

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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