Over-assessed vs. comparables

5501 E Hwy 29, Georgetown, Tx 78627

Georgetown, 78627 · Williamson County, Texas · commercial property · 87,071 sq ft · Texas Tax Code §42.26

$102,947estimated 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$17,034,603
What the comparable appraisals support$12,355,187
Estimated over-assessment$4,679,416 · 27.5%
Comparable basis$142/SF
Estimated tax saved / year$102,947

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
$34$3588,624 SF2023
$115$11579,308 SF2022
$131$12881,525 SF2017
$135$13285,916 SF2016
$138$13983,379 SF2021
$147$14581,314 SF2019
$153$14982,530 SF2016
$152$15191,608 SF2018

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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