Possible over-assessment

3075 Painted Lake Cir

The Colony, 75056 · Denton County, Texas · multifamily property · 41,698 sq ft · Texas Tax Code §42.26

$94,302estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Denton public rollTexas
Current assessment$8,947,982
What the comparable appraisals support$4,661,525
Estimated over-assessment$4,286,457 · 47.9%
Comparable basis$112/SF
Estimated tax saved / year$94,302

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
$45$4542,344 SF
$50$5143,596 SF
$79$7843,764 SF2013
$85$8141,687 SF2008
$97$9437,609 SF2013
$128$13051,924 SF2014
$140$14042,276 SF2016
$146$14632,317 SF2021

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.

Your free review

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