Over-assessed vs. comparables

571 W State St

Lehi · Utah County, Utah · commercial property · 3,357 sq ft · Utah Code §59-2-1004

$1,895estimated 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$519,500
What the comparable assessments support$347,218
Estimated over-assessment$172,282 · 33.2%
Comparable basis$103/SF
Estimated tax saved / year$1,895

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
$61$633,585 SF1950
$89$892,847 SF1950
$86$904,342 SF1952
$91$912,975 SF1951
$99$1013,307 SF1954
$106$1063,203 SF1948
$108$1093,791 SF1947
$116$1173,951 SF1947

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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