Over-assessed vs. comparables

840 S 200 W

Salt Lake City · Salt Lake County, Utah · multifamily property · 11,314 sq ft · Utah Code §59-2-1004

$14,243estimated 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$4,064,900
What the comparable assessments support$2,770,118
Estimated over-assessment$1,294,782 · 31.9%
Comparable basis$245/SF
Estimated tax saved / year$14,243

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
$118$11811,440 SF2018
$170$17110,680 SF2019
$190$18711,127 SF2014
$191$19311,079 SF2020
$224$22711,880 SF2018
$266$26310,076 SF2017
$276$28112,582 SF2018
$344$35112,436 SF2019

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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