Over-assessed vs. comparables

50 S Main St

Salt Lake City · Salt Lake County, Utah · commercial property · 6,673 sq ft · Utah Code §59-2-1004

$3,212estimated 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$2,635,100
What the comparable assessments support$2,343,116
Estimated over-assessment$291,984 · 11.1%
Comparable basis$351/SF
Estimated tax saved / year$3,212

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
$56$566,660 SF2008
$205$2036,560 SF2008
$222$2216,610 SF2008
$240$2406,815 SF2009
$314$3136,558 SF2009
$381$3897,460 SF2011
$431$4296,489 SF2009
$453$4556,680 SF2010

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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