Over-assessed vs. comparables

201 First St

Denton, 76201 · Denton County, Texas · multifamily property · 9,054 sq ft · Texas Tax Code §42.26

$2,352estimated 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$619,750
What the comparable appraisals support$512,863
Estimated over-assessment$106,887 · 17.3%
Comparable basis$57/SF
Estimated tax saved / year$2,352

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
$7$78,571 SF2000
$8$89,028 SF2000
$45$4611,338 SF1996
$56$579,824 SF1999
$56$579,824 SF1999
$56$579,824 SF1999
$56$578,608 SF2002
$58$588,912 SF1998

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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