Over-assessed vs. comparables

Metric Blvd

78758 · Travis County, Texas · multifamily property · 206,928 sq ft · Texas Tax Code §42.26

$236,225estimated 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

Travis public rollTexas
Current assessment$49,700,000
What the comparable appraisals support$38,962,496
Estimated over-assessment$10,737,504 · 21.6%
Comparable basis$188/SF
Estimated tax saved / year$236,225

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
$86$85196,000 SF2004
$152$146169,508 SF2002
$171$172195,168 SF2008
$183$180208,044 SF2003
$186$181221,092 SF1999
$192$196183,504 SF2012
$247$248202,106 SF2007
$279$281198,572 SF2008

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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