Over-assessed vs. comparables

1003 N Fm 156

Ponder, 76259-9606 · Denton County, Texas · commercial property · 84,192 sq ft · Texas Tax Code §42.26

$13,763estimated 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

Denton public rollTexas
Current assessment$3,006,262
What the comparable appraisals support$2,380,660
Estimated over-assessment$625,602 · 20.8%
Comparable basis$28/SF
Estimated tax saved / year$13,763

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
$6$656,655 SF2002
$17$1768,538 SF1998
$20$2080,250 SF1999
$26$2565,294 SF2003
$27$2764,200 SF2003
$30$3087,882 SF1996
$40$41104,910 SF
$44$4475,959 SF2003

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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