Over-assessed vs. comparables

700 Cavalcade St 292

Harris County, Texas · multifamily property · 330,449 sq ft · Texas Tax Code §42.26

$203,349estimated 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$58,768,643
What the comparable appraisals support$49,525,500
Estimated over-assessment$9,243,143 · 15.7%
Comparable basis$150/SF
Estimated tax saved / year$203,349

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
$122$123354,065 SF2019
$128$128337,704 SF2017
$134$134328,678 SF2018
$135$135314,473 SF2019
$147$149357,110 SF2018
$150$151329,254 SF2019
$150$153332,088 SF2021
$157$157326,447 SF2018

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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