Over-assessed vs. comparables

4760 S State St

Murray · Salt Lake County, Utah · commercial property · 13,904 sq ft · Utah Code §59-2-1004

$5,639estimated 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$2,122,480
What the comparable assessments support$1,609,801
Estimated over-assessment$512,679 · 24.1%
Comparable basis$116/SF
Estimated tax saved / year$5,639

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
$39$3913,446 SF1950
$94$9415,206 SF1947
$94$9615,232 SF1950
$111$11012,284 SF1949
$114$11414,218 SF1946
$120$11812,563 SF1946
$130$12812,572 SF1946
$182$18413,917 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.

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