Over-assessed vs. comparables

3370 Memorial Fwy

Nederland, 77627 · Jefferson County, Texas · commercial property · 171,905 sq ft · Texas Tax Code §42.26

$23,010estimated 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$3,032,914
What the comparable appraisals support$1,987,015
Estimated over-assessment$1,045,899 · 34.5%
Comparable basis$12/SF
Estimated tax saved / year$23,010

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
$6$6178,806 SF1993
$6$6145,273 SF1998
$9$9180,560 SF1998
$9$9163,499 SF1997
$10$10168,274 SF1997
$13$13165,134 SF1998
$15$15151,138 SF1999
$17$17177,402 SF1993

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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