Over-assessed vs. comparables

1504 N Garden Ridge Blvd

Lewisville, 75077-2199 · Denton County, Texas · commercial property · 59,369 sq ft · Texas Tax Code §42.26

$11,693estimated 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$2,927,221
What the comparable appraisals support$2,395,715
Estimated over-assessment$531,506 · 18.2%
Comparable basis$40/SF
Estimated tax saved / year$11,693

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
$21$2159,373 SF1996
$28$2857,896 SF1995
$38$3760,250 SF1995
$38$3859,911 SF1995
$38$3862,546 SF1996
$42$4259,285 SF1997
$44$4459,808 SF1995
$48$4859,487 SF1997

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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