Over-assessed vs. comparables

275 E 1325 S

Provo · Utah County, Utah · commercial property · 158,790 sq ft · Utah Code §59-2-1004

$48,221estimated 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$16,717,400
What the comparable assessments support$12,333,681
Estimated over-assessment$4,383,719 · 26.2%
Comparable basis$78/SF
Estimated tax saved / year$48,221

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
$5$5118,152 SF1997
$25$25118,152 SF1997
$48$49135,449 SF1998
$52$53123,936 SF1998
$69$71150,831 SF1998
$88$84115,641 SF1987
$104$100133,959 SF1987
$107$107118,152 SF1997

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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