Over-assessed vs. comparables

2701 Lake Vista Dr

Lewisville, 75067-3885 · Denton County, Texas · commercial property · 120,284 sq ft · Texas Tax Code §42.26

$44,302estimated 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$9,849,833
What the comparable appraisals support$7,836,125
Estimated over-assessment$2,013,708 · 20.4%
Comparable basis$65/SF
Estimated tax saved / year$44,302

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
$38$3784,523 SF2001
$48$47125,844 SF1996
$50$49101,273 SF2000
$55$55119,491 SF
$59$6196,875 SF2009
$65$70139,072 SF2009
$85$8491,295 SF2001
$88$91106,439 SF2008

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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