Over-assessed vs. comparables

2400 Spring Rain Dr 232

Harris County, Texas · multifamily property · 272,513 sq ft · Texas Tax Code §42.26

$83,692estimated 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$24,509,160
What the comparable appraisals support$20,704,974
Estimated over-assessment$3,804,186 · 15.5%
Comparable basis$76/SF
Estimated tax saved / year$83,692

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
$31$31277,078 SF2001
$32$32287,683 SF2000
$39$39284,949 SF2001
$57$57260,934 SF2001
$66$66263,551 SF2000
$87$86269,467 SF1998
$107$108272,955 SF2002
$113$112270,831 SF1998

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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