Over-assessed vs. comparables

155 S State

Orem · Utah County, Utah · commercial property · 5,063 sq ft · Utah Code §59-2-1004

$1,601estimated 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$1,328,600
What the comparable assessments support$1,183,091
Estimated over-assessment$145,509 · 10.9%
Comparable basis$234/SF
Estimated tax saved / year$1,601

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
$133$1345,624 SF2000
$139$1405,249 SF2002
$153$1515,072 SF2000
$176$1765,279 SF2001
$197$1964,801 SF2002
$273$2725,060 SF2001
$272$2735,672 SF2001
$302$3025,581 SF2000

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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