Possible over-assessment

2424 Gold Canyon Dr

San Antonio, 78259 · Bexar County, Texas · multifamily property · 487,784 sq ft · Texas Tax Code §42.26

$674,683estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Bexar public rollTexas
Current assessment$45,000,000
What the comparable appraisals support$14,332,578
Estimated over-assessment$30,667,422 · 68.2%
Comparable basis$29/SF
Estimated tax saved / year$674,683

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
$13$13447,055 SF2002
$13$14486,271 SF2005
$19$19489,702 SF2004
$19$20481,494 SF2005
$27$28501,199 SF2005
$31$31496,427 SF2005
$69$69458,803 SF2004
$69$70487,312 SF2005

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.

Your free review

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