Over-assessed vs. comparables

1367 N Exchange Dr

Saratoga Springs · Utah County, Utah · commercial property · 7,675 sq ft · Utah Code §59-2-1004

$7,597estimated 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$3,135,100
What the comparable assessments support$2,444,459
Estimated over-assessment$690,641 · 22.0%
Comparable basis$318/SF
Estimated tax saved / year$7,597

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
$220$2208,499 SF2020
$251$2517,481 SF2022
$272$2757,853 SF2024
$302$2986,896 SF2021
$300$3078,480 SF2024
$337$3306,471 SF2021
$333$3316,997 SF2023
$350$3446,764 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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