Over-assessed vs. comparables

227 Lenox St

Harris County, Texas · multifamily property · 4,559 sq ft · Texas Tax Code §42.26

$3,755estimated 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$606,596
What the comparable appraisals support$435,910
Estimated over-assessment$170,686 · 28.1%
Comparable basis$96/SF
Estimated tax saved / year$3,755

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
$71$704,591 SF1935
$86$874,192 SF1940
$89$873,520 SF1936
$92$934,421 SF1938
$98$953,501 SF1935
$99$963,400 SF1936
$104$1053,946 SF1940
$115$1123,623 SF1936

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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