Over-assessed vs. comparables

1901 Lakewood Dr

Tarrant County, Texas · commercial property · 16,961 sq ft · Texas Tax Code §42.26

$22,073estimated 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$3,411,550
What the comparable appraisals support$2,408,250
Estimated over-assessment$1,003,300 · 29.4%
Comparable basis$142/SF
Estimated tax saved / year$22,073

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
$42$4217,400 SF1997
$73$7317,000 SF1998
$82$8217,340 SF1997
$104$10416,724 SF1997
$139$13917,280 SF1997
$145$14516,350 SF1997
$146$14717,639 SF1997
$169$16916,950 SF1998

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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