Over-assessed vs. comparables

2306-08 N Elm St

Denton, 76201-0817 · Denton County, Texas · multifamily property · 4,994 sq ft · Texas Tax Code §42.26

$1,943estimated 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$671,561
What the comparable appraisals support$583,262
Estimated over-assessment$88,299 · 13.2%
Comparable basis$117/SF
Estimated tax saved / year$1,943

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 5 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
$79$805,440 SF
$83$833,610 SF1936
$122$1174,505 SF1925
$129$1323,938 SF1940
$138$1393,632 SF1938

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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