Over-assessed vs. comparables

1001 E Broadway Ave

Gladewater, 75647 · Gregg County, Texas · commercial property · 6,869 sq ft · Texas Tax Code §42.26

$1,136estimated 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

Gregg public rollTexas
Current assessment$195,370
What the comparable appraisals support$143,723
Estimated over-assessment$51,647 · 26.4%
Comparable basis$21/SF
Estimated tax saved / year$1,136

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
$8$86,905 SF
$10$106,828 SF1980
$10$106,900 SF
$15$156,900 SF1978
$21$216,850 SF2016
$21$216,850 SF
$27$276,900 SF2011
$28$286,890 SF1971

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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