Over-assessed vs. comparables

4130 S 500 W

Murray · Salt Lake County, Utah · industrial property · 59,155 sq ft · Utah Code §59-2-1004

$11,885estimated 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$8,667,200
What the comparable assessments support$7,586,726
Estimated over-assessment$1,080,474 · 12.5%
Comparable basis$128/SF
Estimated tax saved / year$11,885

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
$67$6662,596 SF1986
$93$9353,380 SF1990
$108$10650,694 SF1988
$113$11461,058 SF1991
$130$12854,508 SF1987
$132$12938,478 SF1991
$135$13654,578 SF1992
$145$14350,661 SF1989

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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