Over-assessed vs. comparables

540 Madison Oak Dr

San Antonio, 78258 · Bexar County, Texas · commercial property · 205,324 sq ft · Texas Tax Code §42.26

$88,280estimated 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$17,255,190
What the comparable appraisals support$13,242,469
Estimated over-assessment$4,012,721 · 23.3%
Comparable basis$64/SF
Estimated tax saved / year$88,280

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
$50$50200,011 SF2013
$52$51179,601 SF
$54$53164,890 SF2004
$56$56192,271 SF
$59$59211,973 SF
$71$70168,498 SF2008
$75$73159,725 SF2006
$75$74202,537 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.

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