Over-assessed vs. comparables

517 Belvidere St B El Paso, Tx

El Paso County, Texas · multifamily property · 2,916 sq ft · Texas Tax Code §42.26

$1,143estimated 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$276,368
What the comparable appraisals support$224,422
Estimated over-assessment$51,946 · 18.8%
Comparable basis$77/SF
Estimated tax saved / year$1,143

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 6 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
$76$762,969 SF2001
$77$762,971 SF2001
$77$772,928 SF2002
$77$772,916 SF2002
$77$772,916 SF2002
$79$782,855 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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