Over-assessed vs. comparables

1212 E Lancaster Ave

Tarrant County, Texas · commercial property · 23,900 sq ft · Texas Tax Code §42.26

$20,240estimated 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$3,075,000
What the comparable appraisals support$2,155,011
Estimated over-assessment$919,989 · 29.9%
Comparable basis$90/SF
Estimated tax saved / year$20,240

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
$5$520,916 SF1920
$30$2920,156 SF1918
$47$4620,112 SF1920
$54$5423,904 SF
$86$8923,446 SF1926
$92$9121,548 SF1921
$94$9627,152 SF1922
$97$9722,445 SF1920

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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