Over-assessed vs. comparables

3650 Plano Pkwy

The Colony, 75056 · Denton County, Texas · commercial property · 163,756 sq ft · Texas Tax Code §42.26

$51,464estimated 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$13,633,379
What the comparable appraisals support$11,294,107
Estimated over-assessment$2,339,272 · 17.2%
Comparable basis$69/SF
Estimated tax saved / year$51,464

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
$31$31158,874 SF2015
$52$50151,122 SF2008
$54$54165,253 SF2017
$65$62139,072 SF2009
$66$65124,074 SF2018
$72$73128,510 SF2022
$75$74145,802 SF2014
$90$87113,913 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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