Over-assessed vs. comparables

3218 Derrick St

Bacliff, 77518 · Galveston County, Texas · multifamily property · 1,999 sq ft · Texas Tax Code §42.26

$814estimated 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$227,150
What the comparable appraisals support$190,131
Estimated over-assessment$37,019 · 16.3%
Comparable basis$95/SF
Estimated tax saved / year$814

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
$48$482,395 SF1984
$66$672,409 SF1984
$70$691,804 SF1984
$90$881,804 SF1984
$90$891,804 SF1984
$101$1011,999 SF1985
$105$1052,004 SF
$113$1111,884 SF1983

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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