Over-assessed vs. comparables

1504 Fairway Dr

Lewisville, 75057-2329 · Denton County, Texas · commercial property · 32,955 sq ft · Texas Tax Code §42.26

$12,066estimated 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$2,207,792
What the comparable appraisals support$1,659,335
Estimated over-assessment$548,457 · 24.8%
Comparable basis$50/SF
Estimated tax saved / year$12,066

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
$40$3924,375 SF2002
$42$4337,744 SF2007
$44$4431,902 SF2003
$47$4531,057 SF1999
$48$4525,976 SF1997
$54$5534,828 SF2010
$56$5936,000 SF2016
$70$6829,749 SF2001

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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