Over-assessed vs. comparables

3401 Palmer Hwy

Texas City, 77590 · Galveston County, Texas · commercial property · 271,598 sq ft · Texas Tax Code §42.26

$37,106estimated 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$9,810,900
What the comparable appraisals support$8,124,264
Estimated over-assessment$1,686,636 · 17.2%
Comparable basis$30/SF
Estimated tax saved / year$37,106

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
$3$3281,703 SF1975
$7$7287,610 SF1979
$13$13223,865 SF1975
$26$27320,962 SF1980
$29$29269,503 SF1975
$31$31256,300 SF1975
$32$32214,739 SF1975
$50$49290,334 SF1970

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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