Over-assessed vs. comparables

2120 S State St

Springville · Utah County, Utah · commercial property · 18,448 sq ft · Utah Code §59-2-1004

$6,510estimated 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$2,983,500
What the comparable assessments support$2,391,705
Estimated over-assessment$591,795 · 19.8%
Comparable basis$130/SF
Estimated tax saved / year$6,510

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 7 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
$105$9814,198 SF2014
$107$10118,544 SF2011
$129$12116,496 SF2013
$135$13020,885 SF2013
$129$13020,799 SF2022
$150$13612,530 SF2011
$171$16212,202 SF2019

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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