Over-assessed vs. comparables

2277 W 700 S

Springville · Utah County, Utah · commercial property · 64,385 sq ft · Utah Code §59-2-1004

$28,512estimated 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$11,755,600
What the comparable assessments support$9,163,613
Estimated over-assessment$2,591,987 · 22.1%
Comparable basis$142/SF
Estimated tax saved / year$28,512

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
$110$10842,015 SF2021
$117$11542,015 SF2021
$126$13067,859 SF2021
$132$14085,841 SF2022
$151$14543,649 SF2015
$197$19545,250 SF2021
$191$19972,453 SF2023
$223$21280,328 SF2002

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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