Over-assessed vs. comparables

545 Commerce St

Tarrant County, Texas · commercial property · 22,425 sq ft · Texas Tax Code §42.26

$12,431estimated 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$2,107,800
What the comparable appraisals support$1,542,749
Estimated over-assessment$565,051 · 26.8%
Comparable basis$69/SF
Estimated tax saved / year$12,431

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
$54$5423,315 SF1996
$57$5621,965 SF1996
$57$5721,857 SF1996
$67$6722,278 SF1996
$68$6823,274 SF1996
$70$7022,000 SF1996
$98$9721,604 SF1996
$102$10222,320 SF1996

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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