Over-assessed vs. comparables

515 Apollo Rd

Richardson, 750813403 · Dallas County, Texas · commercial property · 17,725 sq ft · Texas Tax Code §42.26

$11,490estimated 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$2,271,230
What the comparable appraisals support$1,748,967
Estimated over-assessment$522,263 · 23.0%
Comparable basis$99/SF
Estimated tax saved / year$11,490

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
$61$6118,100 SF1984
$65$6518,000 SF1984
$80$8017,582 SF1984
$80$8018,000 SF1984
$98$9818,150 SF1984
$99$9917,954 SF1984
$100$10017,560 SF1984
$102$10217,892 SF1984

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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