Over-assessed vs. comparables

Parcel 320170060

Santaquin · Utah County, Utah · commercial property · 165 sq ft · Utah Code §59-2-1004

$5,757estimated 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$1,498,400
What the comparable assessments support$974,997
Estimated over-assessment$523,403 · 34.9%
Comparable basis$5909/SF
Estimated tax saved / year$5,757

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
$2251$2250156 SF2016
$3723$3667165 SF2012
$3913$3896158 SF2015
$4853$4851156 SF2016
$5274$5263170 SF2014
$6468$6555179 SF2016
$9905$9782161 SF2013
$11807$11630165 SF2012

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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