Over-assessed vs. comparables

515-517 Fairway Dr

Longview, 75604 · Gregg County, Texas · multifamily property · 1,802 sq ft · Texas Tax Code §42.26

$1,100estimated 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$190,630
What the comparable appraisals support$140,610
Estimated over-assessment$50,020 · 26.2%
Comparable basis$78/SF
Estimated tax saved / year$1,100

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
$27$271,822 SF1966
$71$711,822 SF1966
$78$771,736 SF1964
$78$771,872 SF1965
$77$771,911 SF1965
$79$791,866 SF1967
$81$811,736 SF1968
$83$831,802 SF1967

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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