Over-assessed vs. comparables

516-518 N Second St

Longview, 75601 · Gregg County, Texas · multifamily property · 2,158 sq ft · Texas Tax Code §42.26

$339estimated 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$126,280
What the comparable appraisals support$110,855
Estimated over-assessment$15,425 · 12.2%
Comparable basis$51/SF
Estimated tax saved / year$339

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
$33$332,225 SF1951
$47$472,280 SF1949
$48$482,371 SF1949
$50$512,144 SF1954
$50$512,304 SF1952
$52$522,061 SF1951
$52$522,208 SF1949
$54$552,431 SF1951

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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