Over-assessed vs. comparables

4050 Lubbock Ave

Tarrant County, Texas · commercial property · 64,572 sq ft · Texas Tax Code §42.26

$39,099estimated 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$7,626,608
What the comparable appraisals support$5,849,402
Estimated over-assessment$1,777,206 · 23.3%
Comparable basis$91/SF
Estimated tax saved / year$39,099

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
$37$3764,640 SF2001
$55$5565,610 SF2000
$64$6466,129 SF2000
$68$6865,007 SF2000
$79$7965,225 SF2000
$102$10265,568 SF2000
$114$11463,580 SF2000
$139$14065,500 SF2000

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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