Over-assessed vs. comparables

1527 Hemphill St

Tarrant County, Texas · commercial property · 34,608 sq ft · Texas Tax Code §42.26

$22,778estimated 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$5,186,991
What the comparable appraisals support$4,151,612
Estimated over-assessment$1,035,379 · 20.0%
Comparable basis$120/SF
Estimated tax saved / year$22,778

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
$40$4034,692 SF1965
$46$4634,638 SF1999
$61$6134,680 SF1985
$88$8834,692 SF1951
$96$9634,576 SF1935
$144$14434,704 SF1968
$207$20734,571 SF2014
$219$21934,533 SF2013

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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