Over-assessed vs. comparables

1046 S 500 E

American Fork · Utah County, Utah · commercial property · 6,187 sq ft · Utah Code §59-2-1004

$7,157estimated 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

Utah public rollUtah
Current assessment$2,991,000
What the comparable assessments support$2,340,379
Estimated over-assessment$650,621 · 21.8%
Comparable basis$378/SF
Estimated tax saved / year$7,157

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
$197$1935,025 SF2022
$265$2524,987 SF2017
$259$2534,393 SF2024
$294$2936,017 SF2023
$370$3576,398 SF2015
$416$4005,039 SF2019
$449$4295,488 SF2016
$480$4705,432 SF2021

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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