Over-assessed vs. comparables

125-127 Stuart St

Lewisville, 75057-3148 · Denton County, Texas · multifamily property · 2,580 sq ft · Texas Tax Code §42.26

$3,141estimated 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$427,029
What the comparable appraisals support$284,263
Estimated over-assessment$142,766 · 33.4%
Comparable basis$110/SF
Estimated tax saved / year$3,141

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
$93$962,678 SF1960
$87$963,400 SF1970
$98$1073,028 SF1970
$102$1102,720 SF1970
$105$1101,940 SF1970
$119$1133,184 SF1940
$131$1282,116 SF1954
$141$1312,064 SF1945

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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