Over-assessed vs. comparables

2127 Banks St

Harris County, Texas · multifamily property · 3,444 sq ft · Texas Tax Code §42.26

$4,369estimated 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$1,077,600
What the comparable appraisals support$878,988
Estimated over-assessment$198,612 · 18.4%
Comparable basis$255/SF
Estimated tax saved / year$4,369

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
$131$1323,696 SF1938
$226$2253,656 SF1936
$246$2433,320 SF1936
$255$2523,192 SF1937
$254$2533,192 SF1939
$253$2573,614 SF1940
$265$2602,840 SF1938
$298$3013,444 SF1940

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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