Over-assessed vs. comparables

2015 Ellis Ave

Tarrant County, Texas · commercial property · 7,538 sq ft · Texas Tax Code §42.26

$6,356estimated 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$1,004,857
What the comparable appraisals support$715,960
Estimated over-assessment$288,897 · 28.7%
Comparable basis$95/SF
Estimated tax saved / year$6,356

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
$6$77,900 SF1939
$35$357,531 SF1938
$46$467,500 SF1939
$50$506,900 SF1938
$68$697,556 SF1940
$123$1216,766 SF1938
$134$1368,000 SF1939
$142$1427,732 SF1937

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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