Over-assessed vs. comparables

762 S 400 W # 103

Salt Lake City · Salt Lake County, Utah · commercial property · 57,764 sq ft · Utah Code §59-2-1004

$16,717estimated 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$8,615,000
What the comparable assessments support$7,095,236
Estimated over-assessment$1,519,764 · 17.6%
Comparable basis$123/SF
Estimated tax saved / year$16,717

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
$24$2445,153 SF1940
$52$5053,680 SF1933
$82$8646,704 SF1952
$104$10558,923 SF1942
$114$11975,196 SF1942
$125$12753,516 SF1945
$163$16550,268 SF1945
$197$19038,334 SF1939

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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