Over-assessed vs. comparables

215 Lake Park Rd

Lewisville, 75057-2305 · Denton County, Texas · multifamily property · 1,831 sq ft · Texas Tax Code §42.26

$1,115estimated 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$341,772
What the comparable appraisals support$291,080
Estimated over-assessment$50,692 · 14.8%
Comparable basis$159/SF
Estimated tax saved / year$1,115

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
$140$1371,794 SF1985
$142$1391,802 SF1985
$161$1581,794 SF1985
$161$1581,794 SF1985
$162$1581,826 SF1985
$163$1601,802 SF1985
$163$1601,802 SF1985
$188$1871,705 SF1989

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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