Over-assessed vs. comparables

2494 N University Pkwy

Provo · Utah County, Utah · commercial property · 5,946 sq ft · Utah Code §59-2-1004

$2,654estimated 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$1,505,700
What the comparable assessments support$1,264,392
Estimated over-assessment$241,308 · 16.0%
Comparable basis$213/SF
Estimated tax saved / year$2,654

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
$30$306,445 SF1997
$61$606,445 SF1997
$150$1486,408 SF1995
$174$1776,037 SF2004
$190$1926,458 SF2000
$232$2336,211 SF2000
$298$3076,759 SF2003
$313$3156,032 SF2001

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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