Over-assessed vs. comparables

1124 47th St

Galveston, 77551 · Galveston County, Texas · multifamily property · 2,528 sq ft · Texas Tax Code §42.26

$1,601estimated 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$387,880
What the comparable appraisals support$315,127
Estimated over-assessment$72,753 · 18.8%
Comparable basis$125/SF
Estimated tax saved / year$1,601

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
$89$923,200 SF1968
$111$1102,428 SF
$117$1152,902 SF1962
$122$1172,520 SF1960
$122$1202,214 SF1967
$130$1302,422 SF1968
$160$1522,368 SF1960
$156$1532,412 SF1965

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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