Over-assessed vs. comparables

4025 S 500 E

Millcreek · Salt Lake County, Utah · multifamily property · 7,116 sq ft · Utah Code §59-2-1004

$2,792estimated 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$1,643,600
What the comparable assessments support$1,389,738
Estimated over-assessment$253,862 · 15.4%
Comparable basis$195/SF
Estimated tax saved / year$2,792

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
$119$1176,316 SF1979
$141$1397,260 SF1975
$150$1517,118 SF1981
$169$1717,785 SF1979
$180$1797,268 SF1978
$214$2116,930 SF1977
$216$2136,930 SF1977
$228$2257,128 SF1977

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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