Possible over-assessment

5203 Lake Ridge Pkwy

Tarrant County, Texas · commercial property · 13,540 sq ft · Texas Tax Code §42.26

$58,720estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Tarrant public rollTexas
Current assessment$5,250,000
What the comparable appraisals support$2,580,926
Estimated over-assessment$2,669,074 · 50.8%
Comparable basis$191/SF
Estimated tax saved / year$58,720

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
$65$6513,905 SF2013
$71$7013,376 SF2012
$131$13012,647 SF2013
$145$14413,130 SF2012
$178$17913,446 SF2014
$200$20213,520 SF2015
$270$26912,984 SF2013
$275$27613,206 SF2014

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.

Your free review

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