Over-assessed vs. comparables

804 E 400 S

Salt Lake City · Salt Lake County, Utah · commercial property · 4,080 sq ft · Utah Code §59-2-1004

$4,046estimated 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$1,340,000
What the comparable assessments support$972,182
Estimated over-assessment$367,818 · 27.5%
Comparable basis$238/SF
Estimated tax saved / year$4,046

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
$111$1094,037 SF1985
$123$1233,990 SF1989
$142$1464,080 SF1994
$147$1474,000 SF1990
$239$2343,928 SF1986
$246$2423,872 SF1987
$280$2774,285 SF1986
$486$4784,214 SF1985

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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