Over-assessed vs. comparables

4050 S 500 W

Millcreek · Salt Lake County, Utah · industrial property · 19,640 sq ft · Utah Code §59-2-1004

$5,510estimated 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$3,838,000
What the comparable assessments support$3,337,094
Estimated over-assessment$500,906 · 13.1%
Comparable basis$170/SF
Estimated tax saved / year$5,510

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
$97$9721,240 SF1985
$110$10919,284 SF1984
$121$12118,740 SF1986
$155$15519,000 SF1986
$169$16819,640 SF1984
$171$17220,448 SF1985
$176$17719,760 SF1986
$180$18220,452 SF1986

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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