Over-assessed vs. comparables

1267 W Fm 3040

Lewisville, 75067 · Denton County, Texas · commercial property · 20,538 sq ft · Texas Tax Code §42.26

$5,287estimated 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$1,506,777
What the comparable appraisals support$1,266,442
Estimated over-assessment$240,335 · 16.0%
Comparable basis$62/SF
Estimated tax saved / year$5,287

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
$39$3922,978 SF2020
$40$4124,097 SF2022
$46$4517,784 SF2021
$60$5919,058 SF2020
$61$6118,893 SF2024
$65$6313,475 SF2023
$69$6618,227 SF2017
$76$7518,413 SF

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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