Property tax assessment notices have been mailed out. The deadline for Board of Equalization appeals is September 15, 2015.
A property owner is not required to pay more property tax than their fair share. Even if tenants are paying the property taxes, it is still advantageous to appeal if you think your taxes are too high. This helps your tenants save money and make your property more competitive.
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| Contribution by Jason Griffith, CCIM d. 435.627.5709 |
Utah law requires all property assessments to be based on the current fair market value each January 1st. The basis for an appeal must be the property’s income or comparable property sales during the prior calendar year. If you believe your valuation is too high, please call NAI at 435.628.1609 to discuss.