Over-assessed vs. comparables

1009 St Mary's Blvd

Galveston, 77550 · Galveston County, Texas · multifamily property · 5,412 sq ft · Texas Tax Code §42.26

$3,657estimated 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

Galveston public rollTexas
Current assessment$700,000
What the comparable appraisals support$533,770
Estimated over-assessment$166,230 · 23.8%
Comparable basis$99/SF
Estimated tax saved / year$3,657

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
$44$445,384 SF
$57$576,147 SF2022
$79$785,128 SF2022
$81$795,424 SF2018
$94$935,172 SF2022
$109$1043,204 SF2023
$111$1073,150 SF2024
$111$1073,150 SF2024

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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