Over-assessed vs. comparables

817 E 4680 S

Murray · Salt Lake County, Utah · multifamily property · 463,671 sq ft · Utah Code §59-2-1004

$223,957estimated 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$103,937,000
What the comparable assessments support$83,577,263
Estimated over-assessment$20,359,737 · 19.6%
Comparable basis$180/SF
Estimated tax saved / year$223,957

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
$0$0474,642 SF2021
$135$136487,453 SF2022
$150$149434,415 SF2021
$160$161444,174 SF2023
$177$175473,320 SF2019
$189$185447,119 SF2018
$231$227453,454 SF2018
$244$246452,277 SF2023

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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