Over-assessed vs. comparables

1474 Fm 407

Lewisville, 75077-2125 · Denton County, Texas · commercial property · 180,419 sq ft · Texas Tax Code §42.26

$104,246estimated 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$17,258,966
What the comparable appraisals support$12,520,528
Estimated over-assessment$4,738,438 · 27.5%
Comparable basis$69/SF
Estimated tax saved / year$104,246

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
$54$55198,120 SF2003
$66$64170,356 SF1996
$65$67178,628 SF2005
$70$68161,744 SF1995
$69$69158,626 SF2003
$70$70172,224 SF2000
$74$77230,657 SF2002
$88$85124,462 SF1998

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 1474 Fm 407 and tell you, with no obligation, whether it's worth filing. A licensed Texas agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Denton County

Other Denton County properties over the line