Over-assessed vs. comparables

1503 Lockwood Dr

Harris County, Texas · commercial property · 13,279 sq ft · Texas Tax Code §42.26

$18,702estimated 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$2,171,595
What the comparable appraisals support$1,321,501
Estimated over-assessment$850,094 · 39.1%
Comparable basis$100/SF
Estimated tax saved / year$18,702

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
$56$5612,858 SF1992
$85$8312,800 SF1988
$84$8413,300 SF1992
$87$8713,644 SF1992
$98$9812,860 SF1992
$101$10113,226 SF1992
$115$11513,030 SF1992
$117$11913,328 SF1995

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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