Over-assessed vs. comparables

401 W Leuda St

Tarrant County, Texas · commercial property · 3,864 sq ft · Texas Tax Code §42.26

$2,837estimated 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$417,744
What the comparable appraisals support$288,791
Estimated over-assessment$128,953 · 30.9%
Comparable basis$75/SF
Estimated tax saved / year$2,837

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
$51$513,724 SF1920
$55$564,046 SF1921
$58$583,800 SF1921
$62$624,280 SF1920
$73$733,748 SF1921
$76$763,792 SF1920
$113$1133,917 SF1920
$134$1333,492 SF1920

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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