Over-assessed vs. comparables

2000 E Arapaho Rd

Richardson, 750813180 · Dallas County, Texas · multifamily property · 426,467 sq ft · Texas Tax Code §42.26

$413,658estimated 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

Dallas public rollTexas
Current assessment$76,000,000
What the comparable appraisals support$57,197,367
Estimated over-assessment$18,802,633 · 24.7%
Comparable basis$134/SF
Estimated tax saved / year$413,658

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
$77$78459,201 SF2001
$103$102414,886 SF1999
$115$117489,954 SF2002
$130$129431,962 SF2001
$130$130437,067 SF2001
$139$138428,759 SF2001
$147$148476,330 SF2001
$166$169482,696 SF2003

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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