Over-assessed vs. comparables

40 N State St # C

Salt Lake City · Salt Lake County, Utah · commercial property · 954 sq ft · Utah Code §59-2-1004

$1,589estimated 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$374,600
What the comparable assessments support$230,110
Estimated over-assessment$144,490 · 38.6%
Comparable basis$241/SF
Estimated tax saved / year$1,589

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
$46$461,092 SF1982
$46$461,092 SF1982
$180$177918 SF1983
$180$177911 SF1983
$208$203859 SF1983
$280$280840 SF1988
$294$296832 SF1990
$351$3561,158 SF1985

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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