Over-assessed vs. comparables

2424 Refugio Ave

Tarrant County, Texas · commercial property · 4,521 sq ft · Texas Tax Code §42.26

$2,684estimated 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$554,907
What the comparable appraisals support$432,888
Estimated over-assessment$122,019 · 22.0%
Comparable basis$96/SF
Estimated tax saved / year$2,684

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$414,650 SF1920
$47$484,702 SF1922
$55$554,529 SF1924
$56$574,502 SF1923
$91$914,573 SF1920
$101$1014,512 SF1922
$111$1104,379 SF1920
$152$1504,500 SF1920

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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