Over-assessed vs. comparables

538 W Main St

American Fork · Utah County, Utah · commercial property · 7,508 sq ft · Utah Code §59-2-1004

$11,673estimated 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$3,372,200
What the comparable assessments support$2,311,046
Estimated over-assessment$1,061,154 · 31.5%
Comparable basis$308/SF
Estimated tax saved / year$11,673

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
$156$1516,634 SF2005
$157$1608,299 SF2010
$242$2376,644 SF2006
$285$2817,893 SF2004
$314$3075,927 SF2008
$308$3087,556 SF2008
$409$4047,335 SF2006
$431$4217,231 SF2004

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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