Over-assessed vs. comparables

506 Austin 181

Harris County, Texas · multifamily property · 179,292 sq ft · Texas Tax Code §42.26

$41,321estimated 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$16,512,487
What the comparable appraisals support$14,634,268
Estimated over-assessment$1,878,219 · 11.4%
Comparable basis$82/SF
Estimated tax saved / year$41,321

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$51191,924 SF1963
$62$62198,252 SF1965
$63$63186,556 SF1965
$71$71184,868 SF1966
$80$79180,713 SF1961
$84$84195,190 SF1964
$99$97162,194 SF1964
$104$104175,696 SF1965

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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