Possible over-assessment

4021 Watercourse Dr

Tarrant County, Texas · commercial property · 23,315 sq ft · Texas Tax Code §42.26

$41,215estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Tarrant public rollTexas
Current assessment$4,653,100
What the comparable appraisals support$2,779,704
Estimated over-assessment$1,873,396 · 40.3%
Comparable basis$119/SF
Estimated tax saved / year$41,215

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
$32$3222,445 SF2018
$63$6323,352 SF2016
$64$6423,296 SF2017
$105$10524,000 SF2017
$107$10623,000 SF2017
$131$13224,872 SF2018
$195$19422,460 SF2018
$232$23023,088 SF2017

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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