Over-assessed vs. comparables

401 N Chaparral

Corpus Christi, 78401 · Nueces County, Texas · multifamily property · 259,900 sq ft · Texas Tax Code §42.26

$66,775estimated 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

Nueces public rollTexas
Current assessment$18,600,000
What the comparable appraisals support$15,564,773
Estimated over-assessment$3,035,227 · 16.3%
Comparable basis$60/SF
Estimated tax saved / year$66,775

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
$11$11209,433 SF2018
$11$11222,950 SF2019
$15$14231,997 SF2017
$18$18212,685 SF2020
$60$58242,706 SF2014
$63$62251,272 SF2016
$64$62246,092 SF2014
$80$81302,577 SF2016

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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