Over-assessed vs. comparables

612 E Wilmington Ave

Salt Lake City · Salt Lake County, Utah · multifamily property · 100,709 sq ft · Utah Code §59-2-1004

$73,960estimated 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$30,719,300
What the comparable assessments support$23,995,689
Estimated over-assessment$6,723,611 · 21.9%
Comparable basis$238/SF
Estimated tax saved / year$73,960

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
$198$202107,866 SF2021
$238$231100,996 SF2012
$237$232106,160 SF2013
$224$233114,451 SF2023
$237$23891,689 SF2020
$243$23982,072 SF2018
$249$250121,427 SF2015
$252$25385,090 SF2022

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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