Over-assessed vs. comparables

465 S Main St

Tarrant County, Texas · commercial property · 13,453 sq ft · Texas Tax Code §42.26

$7,668estimated 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$1,883,420
What the comparable appraisals support$1,534,888
Estimated over-assessment$348,532 · 18.5%
Comparable basis$114/SF
Estimated tax saved / year$7,668

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
$69$6913,125 SF2020
$84$8413,000 SF2020
$103$10212,872 SF2020
$103$10313,012 SF2020
$103$10313,029 SF2020
$125$12614,109 SF2020
$203$20213,086 SF2020
$345$34413,650 SF2019

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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