Over-assessed vs. comparables

125 N Mill St

Lewisville, 75057 · Denton County, Texas · commercial property · 13,383 sq ft · Texas Tax Code §42.26

$5,305estimated 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$831,915
What the comparable appraisals support$590,772
Estimated over-assessment$241,143 · 29.0%
Comparable basis$44/SF
Estimated tax saved / year$5,305

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
$36$3511,250 SF2009
$38$3610,600 SF2012
$37$3713,276 SF
$45$4416,800 SF2002
$48$4513,900 SF2001
$68$6617,136 SF2005
$75$7217,818 SF2000
$70$7316,688 SF2018

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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