Over-assessed vs. comparables

2200 Mercado Dr

Tarrant County, Texas · commercial property · 40,964 sq ft · Texas Tax Code §42.26

$25,568estimated 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$4,431,000
What the comparable appraisals support$3,268,803
Estimated over-assessment$1,162,197 · 26.2%
Comparable basis$80/SF
Estimated tax saved / year$25,568

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
$49$4940,320 SF1999
$69$6940,556 SF1997
$71$7142,221 SF1998
$74$7441,160 SF1998
$80$8040,755 SF1998
$79$8041,464 SF1999
$113$11340,837 SF1997
$118$11940,941 SF1999

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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