Over-assessed vs. comparables

503 Main St, Georgetown, Tx 78626

Georgetown, 78626 · Williamson County, Texas · commercial property · 3,178 sq ft · Texas Tax Code §42.26

$4,667estimated 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$939,903
What the comparable appraisals support$727,753
Estimated over-assessment$212,150 · 22.6%
Comparable basis$229/SF
Estimated tax saved / year$4,667

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
$64$643,325 SF1960
$125$1263,394 SF1960
$161$1603,081 SF1960
$217$2173,295 SF1961
$223$2263,825 SF1960
$230$2323,084 SF1963
$247$2453,074 SF1960
$250$2472,996 SF1960

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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