Over-assessed vs. comparables

5773 S State St

Murray · Salt Lake County, Utah · commercial property · 1,875 sq ft · Utah Code §59-2-1004

$1,424estimated 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$560,600
What the comparable assessments support$431,112
Estimated over-assessment$129,488 · 23.1%
Comparable basis$230/SF
Estimated tax saved / year$1,424

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
$80$782,056 SF1965
$79$782,122 SF1965
$168$1691,916 SF1971
$170$1732,232 SF1971
$202$2042,084 SF1971
$251$2561,705 SF1977
$251$2561,697 SF1977
$300$3082,122 SF1974

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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