Over-assessed vs. comparables

306 Vine St

Tarrant County, Texas · commercial property · 77,480 sq ft · Texas Tax Code §42.26

$58,817estimated 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$8,700,000
What the comparable appraisals support$6,026,498
Estimated over-assessment$2,673,502 · 30.7%
Comparable basis$78/SF
Estimated tax saved / year$58,817

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
$56$5678,269 SF1980
$60$6079,500 SF1980
$67$6877,415 SF1981
$74$7478,014 SF1981
$75$7577,648 SF1980
$81$8176,000 SF1980
$85$8579,200 SF1980
$92$9174,312 SF1980

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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