Over-assessed vs. comparables

371 E 1000 N

Spanish Fork · Utah County, Utah · commercial property · 82 sq ft · Utah Code §59-2-1004

$4,520estimated 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$1,299,800
What the comparable assessments support$888,891
Estimated over-assessment$410,909 · 31.6%
Comparable basis$10840/SF
Estimated tax saved / year$4,520

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
$3161$317385 SF2012
$3295$327577 SF2012
$3573$358681 SF2013
$5800$578680 SF2012
$6239$616180 SF2010
$15576$1551979 SF2012
$33178$3330381 SF2013
$57895$5606060 SF2011

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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