Over-assessed vs. comparables

1518 E Lancaster Ave

Tarrant County, Texas · commercial property · 10,938 sq ft · Texas Tax Code §42.26

$3,721estimated 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$763,622
What the comparable appraisals support$594,464
Estimated over-assessment$169,158 · 22.1%
Comparable basis$54/SF
Estimated tax saved / year$3,721

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
$25$2610,758 SF1955
$27$2711,624 SF1954
$37$3711,200 SF1955
$50$4910,690 SF1953
$51$5110,941 SF1952
$58$5811,229 SF1955
$63$6310,925 SF1953
$84$8410,920 SF1953

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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