Over-assessed vs. comparables

1020 Gibbins Rd

Tarrant County, Texas · commercial property · 29,004 sq ft · Texas Tax Code §42.26

$13,871estimated 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

Tarrant public rollTexas
Current assessment$2,540,950
What the comparable appraisals support$1,910,468
Estimated over-assessment$630,482 · 24.8%
Comparable basis$66/SF
Estimated tax saved / year$13,871

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$1129,196 SF1970
$45$4528,487 SF1969
$47$4728,800 SF1968
$47$4728,000 SF1969
$60$6028,005 SF1969
$71$7229,670 SF1969
$107$10629,080 SF1968
$129$13030,156 SF1969

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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