Over-assessed vs. comparables

722 N Wall St

Salt Lake City · Salt Lake County, Utah · multifamily property · 2,191 sq ft · Utah Code §59-2-1004

$867estimated 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$727,000
What the comparable assessments support$648,190
Estimated over-assessment$78,810 · 10.8%
Comparable basis$296/SF
Estimated tax saved / year$867

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
$254$2532,266 SF1921
$264$2622,349 SF1920
$282$2892,580 SF1924
$291$2912,119 SF1924
$292$2932,267 SF1923
$293$2982,263 SF1926
$386$3922,310 SF1925
$415$4042,128 SF1918

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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