Over-assessed vs. comparables

1501 Eagle Ct

Lewisville, 75057-2330 · Denton County, Texas · commercial property · 31,036 sq ft · Texas Tax Code §42.26

$20,313estimated 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$2,336,560
What the comparable appraisals support$1,413,225
Estimated over-assessment$923,335 · 39.5%
Comparable basis$46/SF
Estimated tax saved / year$20,313

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
$37$3521,101 SF1999
$40$3921,752 SF2000
$40$4024,375 SF2002
$42$4437,744 SF2007
$44$4531,902 SF2003
$47$4631,057 SF1999
$48$4625,976 SF1997
$67$6932,955 SF2005

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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