Over-assessed vs. comparables

3255 Las Palmas St 325

Harris County, Texas · multifamily property · 335,649 sq ft · Texas Tax Code §42.26

$451,587estimated 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$65,949,799
What the comparable appraisals support$45,423,128
Estimated over-assessment$20,526,671 · 31.1%
Comparable basis$135/SF
Estimated tax saved / year$451,587

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
$106$105303,336 SF2013
$109$109321,906 SF2014
$119$120339,719 SF2015
$130$131350,711 SF2014
$132$132326,173 SF2013
$138$139363,621 SF2013
$139$139354,160 SF2012
$156$157326,004 SF2015

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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