Over-assessed vs. comparables

5769 S State St

Murray · Salt Lake County, Utah · commercial property · 4,781 sq ft · Utah Code §59-2-1004

$8,443estimated 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$2,232,000
What the comparable assessments support$1,464,436
Estimated over-assessment$767,564 · 34.4%
Comparable basis$306/SF
Estimated tax saved / year$8,443

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
$99$995,000 SF1996
$177$1805,200 SF1998
$257$2524,840 SF1993
$298$2934,680 SF1994
$300$3035,305 SF1997
$314$3094,099 SF1997
$330$3364,941 SF2000
$568$5805,012 SF2000

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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