Over-assessed vs. comparables

1191 Valley Ridge Blvd

Lewisville, 75077 · Denton County, Texas · commercial property · 25,744 sq ft · Texas Tax Code §42.26

$5,035estimated 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$1,562,561
What the comparable appraisals support$1,333,715
Estimated over-assessment$228,846 · 14.6%
Comparable basis$52/SF
Estimated tax saved / year$5,035

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
$41$4126,546 SF1999
$44$4425,739 SF2000
$46$4625,460 SF1999
$48$4825,969 SF2000
$51$5125,460 SF2000
$53$5225,378 SF1999
$52$5328,178 SF1999
$55$5525,560 SF2000

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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