Over-assessed vs. comparables

Walnut Ln

Longview, 75605 · Gregg County, Texas · commercial property · 16 sq ft · Texas Tax Code §42.26

$968estimated 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$135,570
What the comparable appraisals support$91,562
Estimated over-assessment$44,008 · 32.5%
Comparable basis$5723/SF
Estimated tax saved / year$968

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
$4644$434216 SF1995
$4862$437610 SF1995
$5074$45379 SF1995
$5060$493823 SF1995
$5711$543919 SF1995
$6105$600615 SF2006
$6188$626618 SF
$7534$718715 SF2000

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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