Possible over-assessment

562 E University Pkwy

Orem · Utah County, Utah · commercial property · 26,995 sq ft · Utah Code §59-2-1004

$76,387estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Utah public rollUtah
Current assessment$9,654,100
What the comparable assessments support$2,709,837
Estimated over-assessment$6,944,263 · 71.9%
Comparable basis$100/SF
Estimated tax saved / year$76,387

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
$14$1420,723 SF1996
$29$2925,879 SF1994
$78$7722,142 SF1997
$87$8827,320 SF1998
$98$9621,119 SF1996
$107$10525,879 SF1994
$151$14825,657 SF1993
$163$16226,318 SF1995

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.

Your free review

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