Over-assessed vs. comparables

3150 Riverfront Dr

Tarrant County, Texas · commercial property · 70,777 sq ft · Texas Tax Code §42.26

$62,868estimated 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$9,371,000
What the comparable appraisals support$6,513,368
Estimated over-assessment$2,857,632 · 30.5%
Comparable basis$92/SF
Estimated tax saved / year$62,868

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
$19$1969,080 SF1990
$71$7275,902 SF1989
$81$8165,994 SF1989
$85$8571,343 SF1989
$91$9171,500 SF1988
$93$9468,838 SF1990
$103$10472,500 SF1990
$110$11171,000 SF1991

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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