Over-assessed vs. comparables

4951 Elgin St

Tarrant County, Texas · commercial property · 1,394 sq ft · Texas Tax Code §42.26

$1,144estimated 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$179,683
What the comparable appraisals support$127,692
Estimated over-assessment$51,991 · 28.9%
Comparable basis$92/SF
Estimated tax saved / year$1,144

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
$49$491,404 SF1940
$60$601,461 SF1940
$69$691,368 SF1941
$79$791,380 SF1940
$92$911,328 SF1940
$92$921,408 SF1940
$109$1091,330 SF1940
$111$1101,344 SF1940

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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