Over-assessed vs. comparables

200 Peyton Rd Socorro, Tx 79928

79928 · El Paso County, Texas · multifamily property · 22,692 sq ft · Texas Tax Code §42.26

$2,244estimated 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$965,120
What the comparable appraisals support$863,123
Estimated over-assessment$101,997 · 10.6%
Comparable basis$38/SF
Estimated tax saved / year$2,244

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
$12$1220,519 SF2009
$16$1523,560 SF1998
$27$2718,633 SF2006
$28$2720,387 SF2004
$34$3523,989 SF2010
$41$4115,753 SF2012
$41$4220,701 SF2017
$51$5122,611 SF2006

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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