Over-assessed vs. comparables

175 W Magnolia Ave

Tarrant County, Texas · commercial property · 91,552 sq ft · Texas Tax Code §42.26

$30,609estimated 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$7,423,234
What the comparable appraisals support$6,031,907
Estimated over-assessment$1,391,327 · 18.7%
Comparable basis$66/SF
Estimated tax saved / year$30,609

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
$41$4089,256 SF1974
$48$4890,480 SF1974
$48$4889,600 SF1974
$59$5993,558 SF1974
$64$6494,010 SF1974
$69$6888,836 SF1974
$105$10485,150 SF1975
$136$13797,745 SF1975

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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