Over-assessed vs. comparables

1181 Valley Ridge Blvd

Lewisville, 75077 · Denton County, Texas · commercial property · 19,389 sq ft · Texas Tax Code §42.26

$7,525estimated 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$2,086,264
What the comparable appraisals support$1,744,234
Estimated over-assessment$342,030 · 16.4%
Comparable basis$90/SF
Estimated tax saved / year$7,525

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
$73$7619,697 SF2019
$80$8023,107 SF2008
$81$8222,155 SF2012
$88$8820,944 SF2008
$91$8816,997 SF2006
$94$9217,622 SF2009
$95$9318,740 SF2008
$99$10220,444 SF2015

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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