Possible over-assessment

505 E Magrill St

Longview, 75601 · Gregg County, Texas · commercial property · 1,314 sq ft · Texas Tax Code §42.26

$1,246estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Gregg public rollTexas
Current assessment$120,850
What the comparable appraisals support$64,216
Estimated over-assessment$56,634 · 46.9%
Comparable basis$49/SF
Estimated tax saved / year$1,246

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
$9$91,168 SF1950
$17$181,208 SF1956
$18$181,386 SF1951
$24$241,368 SF1953
$49$491,315 SF
$49$491,315 SF
$89$871,060 SF1953
$99$991,500 SF1950

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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