Over-assessed vs. comparables

9229 Rain Lily Tr

Tarrant County, Texas · commercial property · 8,005 sq ft · Texas Tax Code §42.26

$17,327estimated 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$2,750,000
What the comparable appraisals support$1,962,412
Estimated over-assessment$787,588 · 28.6%
Comparable basis$245/SF
Estimated tax saved / year$17,327

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
$74$748,000 SF2014
$207$2068,000 SF2013
$224$2258,325 SF2014
$243$2437,785 SF2014
$243$2438,246 SF2014
$248$2478,000 SF2013
$270$2708,160 SF2014
$290$2918,223 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.

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