Over-assessed vs. comparables

1137 N Canyon Creek Pkwy

Spanish Fork · Utah County, Utah · commercial property · 12,555 sq ft · Utah Code §59-2-1004

$15,868estimated 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$3,779,300
What the comparable assessments support$2,336,758
Estimated over-assessment$1,442,542 · 38.2%
Comparable basis$186/SF
Estimated tax saved / year$15,868

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
$88$8712,480 SF2001
$94$9715,604 SF2006
$130$12812,480 SF2001
$162$16714,850 SF2008
$188$18512,933 SF2002
$193$18710,260 SF2002
$221$21710,053 SF2006
$215$21812,887 SF2007

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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