Over-assessed vs. comparables

2047 5th St

Port Neches, 77651 · Jefferson County, Texas · multifamily property · 3,920 sq ft · Texas Tax Code §42.26

$394estimated 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

Jefferson public rollTexas
Current assessment$173,623
What the comparable appraisals support$155,696
Estimated over-assessment$17,927 · 10.3%
Comparable basis$40/SF
Estimated tax saved / year$394

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
$18$183,890 SF1967
$20$193,834 SF1967
$22$224,095 SF1968
$30$303,990 SF1967
$39$404,500 SF1971
$41$402,484 SF1973
$43$423,608 SF1970
$48$483,510 SF1975

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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