Over-assessed vs. comparables

1401 Meadow Lane Terr

Tarrant County, Texas · commercial property · 18,722 sq ft · Texas Tax Code §42.26

$19,619estimated 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$2,265,628
What the comparable appraisals support$1,373,876
Estimated over-assessment$891,752 · 39.4%
Comparable basis$73/SF
Estimated tax saved / year$19,619

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
$31$3118,000 SF1975
$54$5419,100 SF1974
$57$5718,800 SF1975
$68$6819,200 SF1975
$72$7218,080 SF1975
$75$7519,384 SF1975
$88$8718,266 SF1975
$95$9519,044 SF1974

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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