Over-assessed vs. comparables

501 Precinct Line Rd

Tarrant County, Texas · commercial property · 36,000 sq ft · Texas Tax Code §42.26

$16,187estimated 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$3,985,365
What the comparable appraisals support$3,249,573
Estimated over-assessment$735,792 · 18.5%
Comparable basis$90/SF
Estimated tax saved / year$16,187

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
$44$4438,225 SF1970
$47$4735,297 SF1969
$53$5335,000 SF1969
$84$8434,300 SF1970
$88$8833,600 SF1970
$93$9335,840 SF1970
$94$9335,424 SF1969
$95$9535,457 SF1971

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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