Over-assessed vs. comparables

121 Riverbend Dr, Georgetown, Tx 78628

Georgetown, 78628 · Williamson County, Texas · multifamily property · 184,532 sq ft · Texas Tax Code §42.26

$132,383estimated 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$23,992,960
What the comparable appraisals support$17,975,549
Estimated over-assessment$6,017,411 · 25.1%
Comparable basis$97/SF
Estimated tax saved / year$132,383

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
$84$82176,762 SF2001
$82$84196,228 SF2011
$87$85196,230 SF2001
$93$93192,440 SF2006
$92$96189,935 SF2014
$99$98197,911 SF2003
$166$168189,034 SF2008
$170$176216,108 SF2009

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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