Over-assessed vs. comparables

703 N Main St

Springville · Utah County, Utah · commercial property · 4,660 sq ft · Utah Code §59-2-1004

$1,163estimated 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$460,200
What the comparable assessments support$354,436
Estimated over-assessment$105,764 · 23.0%
Comparable basis$76/SF
Estimated tax saved / year$1,163

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
$19$194,137 SF1990
$47$484,717 SF1991
$59$604,137 SF1990
$62$624,493 SF1989
$64$644,493 SF1989
$87$883,844 SF1992
$130$1365,065 SF1994
$170$1643,407 SF1985

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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