Over-assessed vs. comparables

573 W 2890 S

South Salt Lake · Salt Lake County, Utah · commercial property · 42,346 sq ft · Utah Code §59-2-1004

$15,717estimated 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$8,555,600
What the comparable assessments support$7,126,817
Estimated over-assessment$1,428,783 · 16.7%
Comparable basis$168/SF
Estimated tax saved / year$15,717

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
$0$041,207 SF2008
$20$1942,802 SF2006
$113$11342,417 SF2009
$138$13739,296 SF2008
$163$16142,300 SF2006
$175$17643,800 SF2008
$202$20042,140 SF2006
$220$22040,648 SF2009

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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