Over-assessed vs. comparables

1851 W 200 S

Payson · Utah County, Utah · commercial property · 150,427 sq ft · Utah Code §59-2-1004

$58,239estimated 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$18,533,600
What the comparable assessments support$13,239,135
Estimated over-assessment$5,294,465 · 28.6%
Comparable basis$88/SF
Estimated tax saved / year$58,239

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
$16$15103,549 SF1975
$24$22125,079 SF1970
$27$27194,354 SF1971
$31$33137,235 SF1988
$71$68103,549 SF1975
$104$108133,959 SF1987
$117$115100,142 SF1980
$132$131109,542 SF1982

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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