Over-assessed vs. comparables

500 W Rancier Ave

Killeen, 76541 · Bell County, Texas · multifamily property · 8,892 sq ft · Texas Tax Code §42.26

$2,499estimated 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

Bell public rollTexas
Current assessment$600,705
What the comparable appraisals support$487,136
Estimated over-assessment$113,569 · 18.9%
Comparable basis$55/SF
Estimated tax saved / year$2,499

Straight from the public Texas 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 appraisals 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
$23$227,553 SF1960
$27$2710,440 SF1965
$35$3511,140 SF1963
$37$378,937 SF1965
$51$5110,059 SF1962
$58$588,321 SF1967
$59$6010,241 SF1964
$61$6210,454 SF1965

Why this is the lever

Texas Tax Code §42.26

Under §42.26, if a property is appraised above the median appraised value of a reasonable number of comparable properties (adjusted for size, age, and location), the value must be brought down to that median.

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