Over-assessed vs. comparables

10651 North Loop Dr Socorro, Tx 79927

79927 · El Paso County, Texas · commercial property · 59,470 sq ft · Texas Tax Code §42.26

$14,967estimated 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

El Paso public rollTexas
Current assessment$1,832,110
What the comparable appraisals support$1,151,791
Estimated over-assessment$680,319 · 37.1%
Comparable basis$19/SF
Estimated tax saved / year$14,967

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
$8$845,534 SF2001
$10$1048,897 SF2007
$12$1251,681 SF2011
$17$1743,715 SF2000
$18$1843,254 SF2004
$21$2171,238 SF1997
$22$2150,549 SF2004
$23$2245,304 SF2002

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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