Over-assessed vs. comparables

1605 Lakeway Dr

Lewisville, 75057-6007 · Denton County, Texas · commercial property · 187,245 sq ft · Texas Tax Code §42.26

$67,004estimated 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$15,034,295
What the comparable appraisals support$11,988,637
Estimated over-assessment$3,045,658 · 20.3%
Comparable basis$64/SF
Estimated tax saved / year$67,004

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
$32$32183,905 SF1992
$34$33189,295 SF1991
$39$40188,529 SF1995
$49$49192,827 SF1992
$64$63189,825 SF1993
$64$65194,376 SF1996
$70$70202,112 SF1993
$82$81176,236 SF1994

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 1605 Lakeway Dr 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