Over-assessed vs. comparables

23500 Colonial Pky

Harris County, Texas · industrial property · 207,752 sq ft · Texas Tax Code §42.26

$244,984estimated 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$38,093,698
What the comparable appraisals support$26,958,067
Estimated over-assessment$11,135,631 · 29.2%
Comparable basis$130/SF
Estimated tax saved / year$244,984

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
$51$49206,402 SF2001
$86$89233,036 SF2013
$111$112196,000 SF2012
$111$113205,001 SF2013
$118$117169,388 SF2012
$147$142165,738 SF2007
$175$175172,996 SF2012
$177$175171,861 SF2011

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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