APPEAL TO THE TOOELE COUNTY BOARD OF EQUALIZATION REAL PROPERTY
FOR MORE DETAILED INFORMATION VISIT THE BOARD OF EQUALIZATION HOME PAGE ON THE INTERNET AT WWW.CO.TOOELE.UT.US PLEASE COMPLETE ALL REQUESTED INFORMATION IN FULL
1. GENERAL INFORMATION AND DESCRIPTION OF PROPERTY		(FOR OFFICE USE ONLY)
PARCEL NUMBER: (SEE NOTICE)		SCREENING:
NAME(S) OF OWNER(S) OF RECORD:		APPEAL NUMBER:
PROPERTY LOCATION (ADDRESS):		MASTER FILE #
MARKET VALUE (AS SHOWN ON NOTICE): $		DATA ENTRY:
2. OWNER(S) OPINION OF FAIR MARKET VALUE AS OF JANUARY 1 OF THE CURRENT YEAR:	REQUIRED BY LAW: $

I REQUEST THAT THE MARKET VALUE OF THIS PROPERTY BE ADJUSTED BASED UPON THE FOLLOWING:

3. BASIS FOR APPEAL AND REQUIRED DOCUMENTATION

“FAIR MARKET VALUE” IS DEFINED AS THE AMOUNT AT WHICH PROPERTY WOULD CHANGE HANDS BETWEEN A WILLING BUYER AND SELLER NEITHER BEING UNDER ANY COMPULSION

(SECTION 59-2-102[8] U.C.A.)

YOU MUST PROVIDE EVIDENCE THAT THE MARKET VALUE ON YOUR NOTICE EXCEEDS “FAIR MARKET VALUE”

YOUR EVIDENCE MUST BE BETTER THAN THE ASSESSOR’S IN ORDER TO HAVE YOUR VALUE REDUCED

My Opinion of value shown above is based on one or more of the following:

(The order given below does not indicate any particular priority)

� A. Purchase of the property within one year of January 1 of the current year. Attach a copy of closing or settlement statements from purchase. If an appraisal was made for the sale, submitting a copy of the full appraisal will probably strengthen your appeal.

� B. Professional Fee Appraisal completed within one year of January 1 of the current year. Attach a full copy of the appraisal.

� C. Sales of Three (3) or more comparable properties sold as close as possible to January 1 of the current year. (Provide all details

possible.)

� D. Factual error in Assessor’s data or cost approach to value. Please provide a full description of the error with supporting

evidence. You must still include your requested opinion of value and support this value with evidence.

� E. Income Approach to Value (Commercial Properties Only). Be prepared to show how your rents or income from the property

compare to market rents.

• Minimum requirement is a Rent Roll, an income and expense statement, an operating statement, or a Profit and Loss Statement

(for the property and not the business using the property).

• If property is owner occupied you may submit rents from 3 comparable properties
• Apartments with 3-12 units are usually valued by the Assessor using a Gross Rent Multiplier (GRM) approach but may be

valued by the Assessor using a price per unit, price per square foot, or rent per square foot.

• GRM is equal to sales price divided by gross annual rents. Evidence of GRM should be supported by 3 sales of comparable

properties.

I CERTIFY THAT ALL STATEMENTS HEREIN AND/OR ATTACHMENTS ARE TRUE, CORRECT, AND COMPLETE.

SIGNATURE OF OWNER OR AGENT: ___________________________

DATED THIS_______DAY OF _____________________, 2007

OWNER’S DAYTIME TELEPHONE NUMBER: ( ) -