Over-assessed vs. comparables

1440 Lemay Dr

Carrollton, 75007 · Denton County, Texas · commercial property · 455,008 sq ft · Texas Tax Code §42.26

$184,791estimated 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$27,530,239
What the comparable appraisals support$19,130,627
Estimated over-assessment$8,399,612 · 30.5%
Comparable basis$42/SF
Estimated tax saved / year$184,791

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
$10$10439,674 SF1980
$17$16442,273 SF1978
$21$21404,719 SF1985
$31$32461,100 SF1986
$35$35436,094 SF1985
$48$49458,604 SF1987
$56$54258,697 SF1984
$58$58389,528 SF1986

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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