Over-assessed vs. comparables

701 E Lobit Ave

Harris County, Texas · multifamily property · 1,348 sq ft · Texas Tax Code §42.26

$1,244estimated 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$159,513
What the comparable appraisals support$102,978
Estimated over-assessment$56,535 · 35.4%
Comparable basis$76/SF
Estimated tax saved / year$1,244

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 7 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
$64$671,792 SF1950
$74$711,380 SF1940
$76$751,200 SF1948
$83$761,104 SF1935
$83$801,224 SF1940
$82$851,368 SF1955
$89$891,392 SF1945

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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