Over-assessed vs. comparables

1850 Lakepointe Dr

Lewisville, 75057-6442 · Denton County, Texas · commercial property · 57,435 sq ft · Texas Tax Code §42.26

$12,203estimated 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$4,936,078
What the comparable appraisals support$4,381,376
Estimated over-assessment$554,702 · 11.2%
Comparable basis$76/SF
Estimated tax saved / year$12,203

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
$53$5352,406 SF
$56$5743,470 SF2008
$58$5956,035 SF2005
$68$6948,704 SF2006
$68$7167,326 SF2007
$80$8176,521 SF1998
$87$8346,736 SF1996
$82$8470,057 SF

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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