Over-assessed vs. comparables

2987 Tierra Cortez Ave El Paso, Tx 79938

79938 · El Paso County, Texas · multifamily property · 4,506 sq ft · Texas Tax Code §42.26

$1,791estimated 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$494,403
What the comparable appraisals support$413,005
Estimated over-assessment$81,398 · 16.5%
Comparable basis$92/SF
Estimated tax saved / year$1,791

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
$72$734,520 SF2006
$78$784,574 SF2005
$85$854,504 SF2005
$87$874,584 SF2003
$91$904,037 SF2004
$94$934,234 SF2003
$102$1014,094 SF2004
$104$1034,127 SF2004

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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