Over-assessed vs. comparables

1501 Richey St

Harris County, Texas · commercial property · 6,890 sq ft · Texas Tax Code §42.26

$1,335estimated 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

Harris public rollTexas
Current assessment$540,000
What the comparable appraisals support$479,298
Estimated over-assessment$60,702 · 11.2%
Comparable basis$70/SF
Estimated tax saved / year$1,335

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
$36$377,487 SF1960
$42$437,669 SF1956
$61$596,049 SF1953
$59$617,963 SF1961
$66$689,046 SF1955
$68$717,008 SF1964
$72$756,646 SF1965
$89$877,134 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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