Above the comparable median

1601 S Stemmons

Lewisville, 75067 · Denton County, Texas · commercial property · 332,413 sq ft · Texas Tax Code §42.26

$9,534estimated overpaid in property tax / year

This property's assessment runs above the median of comparable properties. Whether it clears the bar to file is something we confirm for free.

What the public records show

Denton public rollTexas
Current assessment$8,154,254
What the comparable appraisals support$7,720,868
Estimated over-assessment$433,386 · 5.3%
Comparable basis$23/SF
Estimated tax saved / year$9,534

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 6 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
$22$23358,666 SF2002
$23$23242,174 SF2001
$22$23333,196 SF2004
$23$23333,659 SF2002
$24$25414,967 SF2002
$30$32396,944 SF2004

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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