Over-assessed vs. comparables

404-406 E Melton St

Longview, 75602 · Gregg County, Texas · multifamily property · 1,485 sq ft · Texas Tax Code §42.26

$319estimated 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$81,620
What the comparable appraisals support$67,102
Estimated over-assessment$14,518 · 17.8%
Comparable basis$45/SF
Estimated tax saved / year$319

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
$31$311,656 SF1934
$42$421,408 SF1940
$43$421,552 SF1934
$44$441,765 SF1936
$46$451,608 SF1936
$45$451,749 SF1940
$45$461,650 SF1940
$46$461,278 SF1940

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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