Over-assessed vs. comparables

551 E South Temple St

Salt Lake City · Salt Lake County, Utah · commercial property · 3,354 sq ft · Utah Code §59-2-1004

$1,460estimated 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$985,100
What the comparable assessments support$852,332
Estimated over-assessment$132,768 · 13.5%
Comparable basis$254/SF
Estimated tax saved / year$1,460

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
$115$1153,833 SF1894
$128$1283,693 SF1894
$177$1813,468 SF1899
$192$1974,224 SF1896
$260$2502,712 SF1892
$259$2583,258 SF1896
$256$2603,110 SF1901
$296$2873,096 SF1891

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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