Over-assessed vs. comparables

4018 Lockwood Dr

Harris County, Texas · commercial property · 3,662 sq ft · Texas Tax Code §42.26

$1,891estimated 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$347,371
What the comparable appraisals support$261,405
Estimated over-assessment$85,966 · 24.8%
Comparable basis$71/SF
Estimated tax saved / year$1,891

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
$29$292,756 SF1950
$44$423,801 SF1940
$47$473,341 SF1951
$56$584,671 SF1950
$69$694,017 SF1945
$72$744,194 SF1950
$77$763,500 SF1945
$102$993,440 SF1942

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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