Over-assessed vs. comparables

140 E Main St

Lewisville, 75057-3934 · Denton County, Texas · commercial property · 35,342 sq ft · Texas Tax Code §42.26

$25,267estimated 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$4,123,482
What the comparable appraisals support$2,974,998
Estimated over-assessment$1,148,484 · 27.9%
Comparable basis$84/SF
Estimated tax saved / year$25,267

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
$57$5736,902 SF2004
$60$5931,319 SF2005
$65$6743,138 SF2007
$66$6841,780 SF2008
$80$8037,972 SF2007
$89$8831,622 SF2006
$89$9039,060 SF2006
$92$9231,913 SF2009

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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