Over-assessed vs. comparables

3580 W First St

Prosper, 75078 · Denton County, Texas · commercial property · 35,794 sq ft · Texas Tax Code §42.26

$9,978estimated 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$3,005,767
What the comparable appraisals support$2,552,232
Estimated over-assessment$453,535 · 15.1%
Comparable basis$71/SF
Estimated tax saved / year$9,978

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 7 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
$43$3823,885 SF2003
$59$5638,601 SF2005
$73$6824,044 SF2011
$75$7137,410 SF2007
$79$7623,420 SF2017
$88$8623,790 SF2020
$91$8824,896 SF2016

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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