Over-assessed vs. comparables

521 S 500 E

Salt Lake City · Salt Lake County, Utah · multifamily property · 11,484 sq ft · Utah Code §59-2-1004

$14,788estimated 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$3,798,500
What the comparable assessments support$2,454,168
Estimated over-assessment$1,344,332 · 35.4%
Comparable basis$214/SF
Estimated tax saved / year$14,788

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
$92$9011,011 SF1923
$141$13812,384 SF1921
$164$1619,944 SF1925
$170$17312,973 SF1927
$199$20312,905 SF1927
$226$22411,396 SF1925
$232$23811,665 SF1931
$243$24713,617 SF1925

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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