Over-assessed vs. comparables

434 S Mario Capecchi Dr Apt D432

Salt Lake City · Salt Lake County, Utah · multifamily property · 348,934 sq ft · Utah Code §59-2-1004

$337,912estimated 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$101,312,500
What the comparable assessments support$70,593,183
Estimated over-assessment$30,719,317 · 30.3%
Comparable basis$202/SF
Estimated tax saved / year$337,912

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
$77$79405,282 SF2023
$103$102305,097 SF2024
$191$182312,514 SF2016
$205$191234,303 SF2015
$202$195355,294 SF2015
$210$210406,903 SF2020
$266$250244,271 SF2017
$269$257295,094 SF2017

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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