Over-assessed vs. comparables

5761 Watauga Rd

Tarrant County, Texas · commercial property · 15,912 sq ft · Texas Tax Code §42.26

$10,241estimated 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$2,843,871
What the comparable appraisals support$2,378,387
Estimated over-assessment$465,484 · 16.4%
Comparable basis$149/SF
Estimated tax saved / year$10,241

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
$73$7315,088 SF1996
$87$8715,725 SF1997
$88$8816,100 SF1996
$102$10215,792 SF1997
$140$14016,125 SF1996
$159$15915,840 SF1995
$187$18816,045 SF1997
$188$18816,500 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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