Over-assessed vs. comparables

2703 N Nichols St

Tarrant County, Texas · industrial property · 18,115 sq ft · Texas Tax Code §42.26

$3,585estimated 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$926,582
What the comparable appraisals support$763,615
Estimated over-assessment$162,967 · 17.6%
Comparable basis$42/SF
Estimated tax saved / year$3,585

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
$38$3716,740 SF1979
$38$3820,000 SF1979
$38$3820,144 SF1979
$39$3919,540 SF1978
$39$3919,800 SF1980
$45$4518,808 SF1981
$45$4518,690 SF1979
$50$4917,940 SF1977

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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