Over-assessed vs. comparables

3729 Ira E Woods Ave

Tarrant County, Texas · commercial property · 38,792 sq ft · Texas Tax Code §42.26

$31,306estimated 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$7,650,000
What the comparable appraisals support$6,227,005
Estimated over-assessment$1,422,995 · 18.6%
Comparable basis$161/SF
Estimated tax saved / year$31,306

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
$47$4739,718 SF2014
$58$5737,950 SF2014
$81$8241,174 SF2015
$123$12339,104 SF2015
$132$13238,362 SF2015
$190$18938,640 SF2014
$192$19239,842 SF2014
$216$21839,239 SF2016

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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