Over-assessed vs. comparables

4001 Laredo Ave El Paso, Tx 79905

79905 · El Paso County, Texas · multifamily property · 4,398 sq ft · Texas Tax Code §42.26

$1,779estimated 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$501,385
What the comparable appraisals support$420,518
Estimated over-assessment$80,867 · 16.1%
Comparable basis$96/SF
Estimated tax saved / year$1,779

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
$64$634,071 SF2016
$73$724,186 SF2015
$92$924,564 SF2017
$94$933,974 SF2016
$92$934,602 SF2017
$99$984,200 SF2016
$102$1014,284 SF2015
$102$1014,284 SF2015

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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