Over-assessed vs. comparables

1013 W University Ave, Bldg #1-8, Georgetown, Tx 78628

Georgetown, 78628 · Williamson County, Texas · commercial property · 413,418 sq ft · Texas Tax Code §42.26

$279,567estimated 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

Williamson public rollTexas
Current assessment$109,005,438
What the comparable appraisals support$96,297,853
Estimated over-assessment$12,707,585 · 11.7%
Comparable basis$233/SF
Estimated tax saved / year$279,567

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
$91$91365,708 SF2006
$104$106474,472 SF2007
$201$194352,149 SF2001
$203$199431,369 SF2000
$230$231431,200 SF2005
$234$235389,888 SF2007
$287$292422,682 SF2008
$328$325334,851 SF2007

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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