Over-assessed vs. comparables

407 N 200 W

Salt Lake City · Salt Lake County, Utah · multifamily property · 10,169 sq ft · Utah Code §59-2-1004

$9,446estimated 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$2,962,500
What the comparable assessments support$2,103,784
Estimated over-assessment$858,716 · 29.0%
Comparable basis$207/SF
Estimated tax saved / year$9,446

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
$111$11211,479 SF1951
$171$1679,196 SF1950
$178$1739,084 SF1950
$177$1769,790 SF1952
$187$19310,435 SF1959
$222$2219,588 SF1953
$237$2338,809 SF1952
$265$26310,090 SF1951

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 407 N 200 W and tell you, with no obligation, whether it's worth filing. A licensed Utah agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Salt Lake County

Other Salt Lake County properties over the line