Over-assessed vs. comparables

504 E 500 S

Salt Lake City · Salt Lake County, Utah · commercial property · 3,144 sq ft · Utah Code §59-2-1004

$4,468estimated 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$1,440,490
What the comparable assessments support$1,034,338
Estimated over-assessment$406,152 · 28.2%
Comparable basis$329/SF
Estimated tax saved / year$4,468

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
$156$1522,565 SF1931
$174$1773,100 SF1937
$224$2313,872 SF1934
$274$2642,970 SF1927
$325$3183,344 SF1928
$332$3403,352 SF1936
$339$3412,902 SF1936
$376$3863,200 SF1938

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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