Over-assessed vs. comparables

4601 Wichita St

Tarrant County, Texas · commercial property · 28,907 sq ft · Texas Tax Code §42.26

$21,228estimated 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$2,468,484
What the comparable appraisals support$1,503,574
Estimated over-assessment$964,910 · 39.1%
Comparable basis$52/SF
Estimated tax saved / year$21,228

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
$22$2228,820 SF1965
$39$3928,947 SF1962
$44$4428,414 SF1963
$48$4728,794 SF1961
$49$4928,187 SF1964
$55$5528,295 SF1962
$56$5628,000 SF1962
$77$7729,913 SF1962

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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