Over-assessed vs. comparables

412 W Rivers Edge Dr

Provo · Utah County, Utah · commercial property · 40,045 sq ft · Utah Code §59-2-1004

$15,587estimated 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$8,487,500
What the comparable assessments support$7,070,457
Estimated over-assessment$1,417,043 · 16.7%
Comparable basis$177/SF
Estimated tax saved / year$15,587

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 5 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
$114$10227,364 SF2007
$136$12734,376 SF2011
$185$17729,598 SF2018
$221$20332,371 SF2010
$313$28728,240 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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