Over-assessed vs. comparables

962 E Princeton Ave

Salt Lake City · Salt Lake County, Utah · multifamily property · 2,942 sq ft · Utah Code §59-2-1004

$1,984estimated 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$1,015,700
What the comparable assessments support$835,347
Estimated over-assessment$180,353 · 17.8%
Comparable basis$284/SF
Estimated tax saved / year$1,984

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
$198$1982,911 SF1961
$214$2143,027 SF1960
$242$2412,900 SF1961
$261$2622,946 SF1962
$276$2772,964 SF1962
$288$2903,000 SF1962
$322$3243,016 SF1962
$330$3292,797 SF1961

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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