Over-assessed vs. comparables

4840 Memphis St

Dallas, 752075210 · Dallas County, Texas · commercial property · 2,400 sq ft · Texas Tax Code §42.26

$2,572estimated 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$489,600
What the comparable appraisals support$372,676
Estimated over-assessment$116,924 · 23.9%
Comparable basis$155/SF
Estimated tax saved / year$2,572

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
$57$572,400 SF1969
$86$862,400 SF1969
$92$922,450 SF1969
$120$1192,400 SF1968
$128$1282,370 SF1969
$182$1832,440 SF1969
$214$2142,335 SF1969
$233$2322,335 SF1969

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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