Over-assessed vs. comparables

510 S 3rd St

Temple, 76504 · Bell County, Texas · commercial property · 4,624 sq ft · Texas Tax Code §42.26

$835estimated 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$102,063
What the comparable appraisals support$64,101
Estimated over-assessment$37,962 · 37.2%
Comparable basis$14/SF
Estimated tax saved / year$835

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
$8$86,050 SF1969
$10$105,464 SF1973
$11$114,666 SF1966
$12$123,716 SF1968
$13$134,520 SF1966
$15$154,105 SF1973
$20$205,208 SF1965
$31$313,782 SF1971

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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