Over-assessed vs. comparables

763 N State St

Orem · Utah County, Utah · commercial property · 13,457 sq ft · Utah Code §59-2-1004

$14,290estimated 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$3,498,300
What the comparable assessments support$2,199,240
Estimated over-assessment$1,299,060 · 37.1%
Comparable basis$163/SF
Estimated tax saved / year$14,290

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
$111$10811,400 SF2002
$137$14113,873 SF2009
$161$15812,662 SF2001
$164$16112,785 SF2001
$166$16312,845 SF2001
$168$16412,697 SF2000
$166$16913,692 SF2008
$174$17714,213 SF2006

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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