Over-assessed vs. comparables

3450 River Park Dr

Tarrant County, Texas · commercial property · 252,703 sq ft · Texas Tax Code §42.26

$144,832estimated 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$39,491,875
What the comparable appraisals support$32,908,580
Estimated over-assessment$6,583,295 · 16.7%
Comparable basis$130/SF
Estimated tax saved / year$144,832

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
$66$66250,782 SF1998
$68$67253,775 SF1996
$71$71255,568 SF1999
$118$119246,060 SF1999
$125$126258,071 SF1999
$134$134253,006 SF1998
$160$158243,230 SF1997
$166$167261,413 SF1998

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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