Over-assessed vs. comparables

514 E Belknap St

Tarrant County, Texas · commercial property · 3,440 sq ft · Texas Tax Code §42.26

$1,254estimated 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$301,000
What the comparable appraisals support$243,982
Estimated over-assessment$57,018 · 18.9%
Comparable basis$71/SF
Estimated tax saved / year$1,254

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
$9$93,664 SF1937
$31$313,294 SF1935
$37$373,410 SF1934
$56$563,440 SF1937
$69$693,600 SF1935
$73$723,300 SF1936
$95$963,600 SF1936
$112$1113,108 SF1936

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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