Over-assessed vs. comparables

365 Surrey Pk

Flower Mound, 75022 · Denton County, Texas · multifamily property · 51,924 sq ft · Texas Tax Code §42.26

$50,895estimated 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$6,668,860
What the comparable appraisals support$4,355,459
Estimated over-assessment$2,313,401 · 34.7%
Comparable basis$84/SF
Estimated tax saved / year$50,895

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$4943,596 SF
$63$6457,374 SF
$79$7843,764 SF2013
$85$8141,687 SF2008
$85$8145,117 SF2007
$91$8747,359 SF2007
$97$9437,609 SF2013
$100$10360,804 SF2017

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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