Over-assessed vs. comparables

56 W Apricot Ave

Salt Lake City · Salt Lake County, Utah · multifamily property · 5,150 sq ft · Utah Code §59-2-1004

$2,451estimated 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$1,267,100
What the comparable assessments support$1,044,254
Estimated over-assessment$222,846 · 17.6%
Comparable basis$203/SF
Estimated tax saved / year$2,451

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
$144$1424,941 SF1905
$177$1775,325 SF1906
$184$1855,198 SF1906
$201$2015,113 SF1906
$204$2034,910 SF1906
$204$2034,826 SF1906
$220$2205,120 SF1906
$284$2815,107 SF1904

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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