Over-assessed vs. comparables

251 W Southlake Blvd

Tarrant County, Texas · commercial property · 6,045 sq ft · Texas Tax Code §42.26

$8,223estimated 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$2,025,075
What the comparable appraisals support$1,651,287
Estimated over-assessment$373,788 · 18.5%
Comparable basis$273/SF
Estimated tax saved / year$8,223

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
$101$1016,000 SF2020
$140$1396,045 SF2019
$159$1595,904 SF2020
$192$1925,980 SF2020
$255$2545,950 SF2020
$292$2926,080 SF2020
$300$3006,037 SF2020
$333$3346,114 SF2020

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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