Over-assessed vs. comparables

2860 First St

Prosper, 75078 · Denton County, Texas · commercial property · 350,804 sq ft · Texas Tax Code §42.26

$216,882estimated 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$31,064,714
What the comparable appraisals support$21,206,463
Estimated over-assessment$9,858,251 · 31.7%
Comparable basis$60/SF
Estimated tax saved / year$216,882

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
$37$37307,200 SF
$40$40306,644 SF
$54$52333,910 SF2016
$59$57410,970 SF2016
$59$58278,280 SF2024
$65$63270,491 SF2022
$77$74292,785 SF2020
$78$78369,312 SF2024

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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