Hearts would go on to secure automatic-promotion to the Scottish Premiership last season after finishing 24 points clear of the Gers.
Lee Wallace is confident that the current Rangers side would have dominated last season's Scottish Championship in the same way that they have done this term, despite the Gers finishing well adrift of Hearts on that occasion, The Scottish Sun reports.
Under Ally McCoist and then Stuart McCall, the Light Blues finished third in the table, three points behind Hibernian and an eye-watering 24 points adrift of Hearts.
Despite Robbie Neilson's side's dominance however, Wallace is adamant that the team that Mark Warburton has put together would have had no problem securing promotion back to the top flight in last season's division.
"I have the utmost confidence in our group though, and the current Championship is much harder than it was last season," he told The Scottish Sun.
"I think our Rangers team now would still be where we are at the moment, irrespective of how well Hearts were doing last year.
"I believe if this was Rangers' team last year, we would be in exactly the same position we're in at the moment.”
Despite making almost as fast a start last season as they did this time around, the writing started to appear on the wall for their automatic-promotion hopes from mid-November as they went on a dreadful run by Rangers' standards, winning just five of their next 15 league games.
That run meant that by the time they beat Hearts at the start of April, Neilson's men had already wrapped up the title.
This time around however, it appears that it will be Rangers who may have their fate decided well before the season reaches its conclusion.
Warburton's side - which has had a considerable makeover since last season, with 15 new players arriving permanently or on loan since the former Brentford boss took over - are currently 12 points clear of their nearest challengers and could actually finish with five points more than the 91 that Hearts accumulated last season.