Over-assessed vs. comparables

3141 E Broad St Bldg 201

Tarrant County, Texas · commercial property · 12,903 sq ft · Texas Tax Code §42.26

$20,975estimated 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$4,276,648
What the comparable appraisals support$3,323,228
Estimated over-assessment$953,420 · 22.3%
Comparable basis$258/SF
Estimated tax saved / year$20,975

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
$60$6013,125 SF2017
$176$17712,941 SF2018
$196$19613,062 SF2017
$202$20213,238 SF2017
$250$25012,800 SF2017
$267$26512,851 SF2016
$270$27112,912 SF2018
$285$28412,850 SF2017

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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