Over-assessed vs. comparables

151 Treasure Way

San Antonio, 78209 · Bexar County, Texas · multifamily property · 170,957 sq ft · Texas Tax Code §42.26

$61,582estimated 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

Bexar public rollTexas
Current assessment$9,156,220
What the comparable appraisals support$6,357,047
Estimated over-assessment$2,799,173 · 30.6%
Comparable basis$37/SF
Estimated tax saved / year$61,582

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
$20$20170,582 SF
$21$21172,060 SF2021
$31$31173,011 SF1976
$32$32170,793 SF2013
$32$32170,354 SF1968
$42$42170,440 SF
$53$53199,654 SF
$54$54159,058 SF

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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