Over-assessed vs. comparables

11951 Fm 423

Little Elm, 75068 · Denton County, Texas · commercial property · 23,680 sq ft · Texas Tax Code §42.26

$2,321estimated 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$965,115
What the comparable appraisals support$859,616
Estimated over-assessment$105,499 · 10.9%
Comparable basis$36/SF
Estimated tax saved / year$2,321

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
$25$2428,022 SF2002
$31$2924,348 SF1996
$32$3126,242 SF2001
$33$3227,573 SF1999
$36$3618,855 SF2010
$36$3729,061 SF2007
$41$4128,931 SF2002
$43$4329,660 SF2007

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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