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Parcel Number: An unique number assigned to each piece of real property within Salt Lake County. All Board of Equalization appeals are filed by this number. The parcel number is located on the left side of the Valuation Notice near the top and contains 14 digits separated by dashes, e.g., 36-18-480-003-0000.
Perfecting an Appeal: An appeal is perfected when it meets the requirements of the Board of Equalization for appeals, i.e., it is submitted in time and with all the evidence and other documentation required.
Personal Property: Any tangible property other than real property which is not attached to the land. Some characteristics used to determine personal property are, whether the property is movable in a fashion that it will not create damage to the the real estate or to itself. Some examples are; furniture and furnishings not built into the structure such as as refrigerators and freestanding shelves, gasoline station pumps, storage tanks, manufacturing equipment, supplies, machinery, or other types of equipment. It also includes all most types of motor vehicles.
Presumption of Correctness: By Supreme Court decision, the presumption of correctness is in favor of the respondent, until such time as evidence has been entered into an appeal record which places that presumption into question. The petitioner?s burden of proof is twofold; first, petitioner must provide evidence that the subject property?s assessment is representative of a market value that is unsupported by circumstances in existence as of the January 1 lien date; second, petitioner must provide to the Board of Equalization an alternative market value which is reasonably supported by evidence.
Physical Deterioration: This form of depreciation is typically attributed to wear and tear on improvements from regular use and from the elements such as the weather.
Preponderance of Evidence: The more credible and reasonable evidence according to its weight and quality. Preponderance is sufficient to establish a reasonable probability that a particular value, on the whole, is more likely than another.
Property Tax: A tax that is described as ad valorem... it is based solely upon value. Essentially it is the amount of money necessary for local government to pay for services it provides such as police and fire protection, schools, roads, parks, libraries, and the court system.
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