Single-family residential properties are valued using mass appraisal models and methods that use sales of all comparable properties to the subject property. To ensure that a property is appraised equitably (or similar) as compared to other properties like it, the appraisal district will use an Equity Grid. During the equitable appeal of a property, the appraisal district will use the most similar properties available, typically in same neighborhood, and close in age, size, and attributes. These properties will be placed in an equity grid, that is similar the Sales Comparison Grid In any comparison. Once place in the Equity Grid, appropriate adjustments are required prior to compare the subject to the selected comparable properties. The goal of adjustments, is to adjust the appraised (market) value of the selected comparables to make it like the subject.
The example of the equity grid below is presented to assist property owners as they prepare for informal meetings with TADBC appraisal staff and/or protest hearings before the Appraisal Review Board (ARB).
The appraised (market) value price of each comparable is adjusted to the subject and the sum of positive and negative adjustments is shown in the grid as “Net Adjustments”. The net adjustment amount is then added to or subtracted from the appraised (market) value of that comparable, with the result of this calculation being the indicated value for each comparable used. “Subject’s Indicated Value” via the equity comparison. Typically, an equity comparison grid will include at least three comparable properties, sometimes more, and after the adjustment process there will be an indicated range of value shown at the bottom of the grid. The indicated value is then divided by the living area of the subject property to derive an indicated value per square foot of the subject property. The indicated value range and/or indicated value per square foot range is compared to the current market value appraisal of the subject property to determine if the current appraisal is reasonable and supported by comparable sales. The results are then listed in the Median Value per square foot and Median Value for the subject property.
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Prop ID |
Unique GCAD property identifier |
| GEO ID | Unique geographic identifier |
| Market Value | Appraised value of the property on the current Appraisal Roll |
| Confidential Sale | Indicates whether or not sale information was received under confidential agreement |
| Sale Date | Date the comparable property sold |
| Sale Price | Actual reported sale price |
| Adj Sale Price | Sale price adjusted for time |
| Sale Price / SQFT | Sale price divided by the total square feet of living area |
| Land Value Adj | The value of the land and the amount the comparables were adjusted to make their land equal to the subject property’s land. |
| Land Acres | Total acres of land area. (1 acre = 43,560 square feet) |
| Land SQFT | Total square feet of land area. (43,560 square feet = 1 acre) |
| Class |
Indicates the quality of construction. Class information can be found on GCAD website at RESIDENTIAL-CLASSES-GENERAL-INFORMATION-WEBSITE
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| Class Adj | Adjustments are made to the comparables for differences in quality and construction to make them like the subject property. |
| Living Area | Air-conditioned living area |
| Actual Year Built | The actual year construction was complete |
| Effective Year Built | Year built based on remaining economic life of the structure |
| % Good Adjustment | The percentage of useable life remaining compared to the overall life of the structure
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| Segments & Adj | Adjustments are made to the comparables for differences in contributory value of various property features to make them like the subject property. More information on Building Segments, Appendages, and Outbuildings can be found on the GCAD website at APPENDAGE-OUTBUILDING-CLASSES-SHEET
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| Segment Adj Subtotal | Sum of Segment Adjustments (positive and negative) |
| Secondary PID Imp Adj | Adjustment made if the subject or comparable has multiple dwelling structures |
| Net Adjustment | The sum of all above adjustments. May be positive or negative. |
| Indicated Value | The Sale Price plus Net Adjustment |
| Indicated Value / SQFT | Indicated Value divided by Living Area |
| Mean Value | Average of the Indicated Values of all Comparable Properties. Indicates the most probable sale price of the Subject Property as of the Date of Appraisal. |
| Mean Value / SQFT | Mean Value divided by Living Area. |
| Situs | The physical address of the property. |
| Picture | A photo of the Subject or Comparable will appear here. |
