Over-assessed vs. comparables

3573 N Main St

Spanish Fork · Utah County, Utah · commercial property · 14,880 sq ft · Utah Code §59-2-1004

$6,445estimated 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$3,478,000
What the comparable assessments support$2,892,065
Estimated over-assessment$585,935 · 16.9%
Comparable basis$194/SF
Estimated tax saved / year$6,445

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
$94$9415,604 SF2006
$148$15217,609 SF2010
$162$16214,850 SF2008
$170$17714,880 SF2016
$177$18414,889 SF2016
$197$20414,880 SF2016
$215$21112,887 SF2007
$301$29212,555 SF2005

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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