Over-assessed vs. comparables

1536 E 3500 N

Lehi · Utah County, Utah · commercial property · 7,493 sq ft · Utah Code §59-2-1004

$3,169estimated 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$2,332,000
What the comparable assessments support$2,043,925
Estimated over-assessment$288,075 · 12.3%
Comparable basis$273/SF
Estimated tax saved / year$3,169

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
$223$2197,755 SF2011
$234$2286,979 SF2013
$266$2646,894 SF2016
$270$2677,164 SF2015
$271$2687,403 SF2014
$271$2777,614 SF2020
$344$3376,245 SF2015
$412$4138,453 SF2014

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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