Over-assessed vs. comparables

3121 Ira E Woods Ave

Tarrant County, Texas · commercial property · 4,135 sq ft · Texas Tax Code §42.26

$14,118estimated 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$1,700,000
What the comparable appraisals support$1,058,251
Estimated over-assessment$641,749 · 37.8%
Comparable basis$256/SF
Estimated tax saved / year$14,118

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
$85$844,125 SF2012
$149$1494,160 SF2013
$207$2084,154 SF2014
$245$2444,000 SF2013
$252$2514,125 SF2012
$261$2614,092 SF2013
$270$2694,124 SF2012
$294$2944,080 SF2013

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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