Over-assessed vs. comparables

316 Grapevine Hwy

Tarrant County, Texas · commercial property · 36,320 sq ft · Texas Tax Code §42.26

$42,862estimated 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$5,448,000
What the comparable appraisals support$3,499,716
Estimated over-assessment$1,948,284 · 35.8%
Comparable basis$96/SF
Estimated tax saved / year$42,862

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
$65$6534,070 SF1995
$67$6736,200 SF1996
$75$7535,653 SF1996
$87$8835,937 SF1996
$88$8937,200 SF1996
$104$10436,476 SF1994
$159$16036,490 SF1996
$194$19537,258 SF1996

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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