Over-assessed vs. comparables

3324 Colorado Blvd

Denton, 76210-6864 · Denton County, Texas · commercial property · 31,126 sq ft · Texas Tax Code §42.26

$14,867estimated 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$3,168,861
What the comparable appraisals support$2,493,103
Estimated over-assessment$675,758 · 21.3%
Comparable basis$80/SF
Estimated tax saved / year$14,867

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
$50$5027,038 SF2014
$63$6028,756 SF2001
$61$6435,833 SF2014
$80$7723,107 SF2008
$78$7938,812 SF2007
$80$8139,151 SF2007
$93$9532,398 SF2014
$95$9637,199 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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