Over-assessed vs. comparables

117 Melbourne Rd

Tarrant County, Texas · commercial property · 2,511 sq ft · Texas Tax Code §42.26

$2,858estimated 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$378,848
What the comparable appraisals support$248,952
Estimated over-assessment$129,896 · 34.3%
Comparable basis$99/SF
Estimated tax saved / year$2,858

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
$59$592,465 SF1966
$67$672,528 SF1965
$69$692,512 SF1965
$81$812,500 SF1965
$98$982,604 SF1966
$100$1002,485 SF1966
$105$1052,482 SF1966
$121$1212,592 SF1966

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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