Over-assessed vs. comparables

14920 Gamble Rd

Santa Fe, 77517 · Galveston County, Texas · multifamily property · 3,248 sq ft · Texas Tax Code §42.26

$1,081estimated 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$427,630
What the comparable appraisals support$378,479
Estimated over-assessment$49,151 · 11.5%
Comparable basis$117/SF
Estimated tax saved / year$1,081

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
$81$803,444 SF2010
$96$953,313 SF2010
$114$1153,410 SF2012
$118$1162,835 SF2012
$118$1162,835 SF2012
$119$1173,040 SF2010
$119$1173,391 SF2009
$121$1203,272 SF2010

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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