CHANCERY DESK V • FOUNDED 1999 • LEX • RATIO • RESTITUTIO

TITAN ASSESSMENT-SOVEREIGN™

TITAN CAPITAL FORENSICS LLP NEW YORK • ZURICH • LONDON • MONACO • HOUSTON • DUBAI
DESK V • STATUTORY RESTITUTION TERMINAL

County Appraisal Districts Over-Assess Trophy Commercial Assets by 18%–31% Relative to Median Peers.

Under Texas Tax Code § 42.26(a)(3), a commercial property cannot be taxed higher than the median appraised value of a reasonable number of comparable properties appropriately adjusted. Our algorithmic engine ingests 100% of HCAD, DCAD, TAD, and BCAD appraisal rolls to construct an airtight Uniform & Equal ARB reduction dossier.

GOVERNING STATUTORY AUTHORITY: Texas Tax Code § 41.43(b)(3) & § 42.26(a)(3) (Uniform & Equal Mandate)
CLIENTELE MANDATE: Class-A Office, Industrial Warehouse, Multifamily & Luxury Hospitality Owners in TX, FL, CA & NY
✓ 48-YEAR PARTNER WORKPAPER LINEAGE
✓ ZERO CONTINGENCY FEE (100% RECOVERY YOURS)
✓ SHA-256 CERTIFIED DOSSIER

Deterministic Forensic Intake Terminal

Simulate your statutory principal recovery or upload redacted ledger PDFs for instant cryptographic parsing.

Current County Noticed Commercial Appraised Value ($ USD) 18,500,000 USD
ESTIMATED STATUTORY PRINCIPAL RECOVERY
100% RETAINED BY CLIENT (0% CONTINGENCY)
$85,100
[ DROP REDACTED LEDGER / STATEMENT PDF OR CLICK TO UPLOAD ]
Zero-Data-Retention Ephemeral RAM Parsing • AES-256 Encrypted

LIVE UNIFORM & EQUAL EQUITY MATRIX — $18.5M CLASS-A COMMERCIAL ASSET

CERTIFIED REDLINE SPECIMEN • CASE #TCF-2026-8841
2026 County Noticed Tax Liability (2.38% Rate) $440,300.00
§ 42.26(a)(3) Equalized Median Tax Liability $355,200.00
Equity Comparable Adjustment Tax Savings $64,750.00
Cap-Rate NOI Stabilization & Obsolescence Credit +$20,350.00
EXHIBIT E-1 • TEXAS TAX CODE § 42.26(a)(3) UNIFORM & EQUAL EQUITY GRID $64,750.00/yr Tax Reduction
COUNTERPARTY BILLED ENTRY

Subject Property assessed at $248.40/SF while 9 adjacent Class-A peers carry a median appraised value of $201.15/SF

STATUTORY / FORENSIC VIOLATION

CONSTITUTIONAL EQUALITY MANDATE (ART. VIII § 1): Appraisal District must reduce noticed value by $3,580,000 to match the adjusted peer median.

EXHIBIT E-2 • INCOME CAPITALIZATION CAP-RATE & VACANCY CORRECTION $20,350.00/yr Tax Reduction
COUNTERPARTY BILLED ENTRY

CAD mass-appraisal model assumed 5.75% Cap Rate and 4% vacancy despite SOFR debt costs and 14.2% submarket vacancy

STATUTORY / FORENSIC VIOLATION

USPAP STANDARD 6 MASS APPRAISAL DEFECT: Actual rent-roll and Trepp CMBS submarket debt constants mandate a +115 bps loaded cap-rate adjustment.

EXHIBIT E-3 • INTANGIBLE PERSONAL PROPERTY & TENANT TI EXCLUSION Permanent Base Reset
COUNTERPARTY BILLED ENTRY

Double-taxation of tenant-owned medical/industrial fixtures inside realty improvement roll

STATUTORY / FORENSIC VIOLATION

TEX. TAX CODE § 11.02: Intangible value and separately rendered business personal property must be stripped from real estate valuation.

Fixed-Fee Statutory Audit Mandates (0% Contingency)

WHY PAY A 35% CONTINGENCY HUNTER WHEN ARITHMETIC IS FIXED?
MANDATE TIER 01

Single-Parcel ARB Equity Dossier

$6,500 FLAT FEE • 0% CONTINGENCY

Full § 42.26(a)(3) Comparable Equity Grid + Adjusted Income Cap Model + Formal ARB Hearing Brief.

COMMISSION STATUTORY AUDIT →
MANDATE TIER 03

Institutional REIT Tax Chancery

$25,000 FLAT FEE • 0% CONTINGENCY

Up to 15 Commercial Assets across TX/FL/CA + Multi-County Equity Roll Reconstruction.

COMMISSION STATUTORY AUDIT →
ESTABLISHED IN PARTNER WORKPAPERS 1978 • COMPUTATIONAL TERMINAL 2026
“Negotiation is for opinions. Arithmetic is final.”

Every statutory recovery dossier issued by TITAN ASSESSMENT-SOVEREIGN™ is cryptographically hashed (SHA-256), cross-examined against primary federal/state registries, and formatted for immediate submission to opposing counsel, tax authorities, or escrow agents.

S. Ismail & Chancery Partners
OFFICE OF THE MANAGING PARTNER • TITAN CAPITAL FORENSICS LLP