Over-assessed vs. comparables

3757 Elm Bottom Cir

Aubrey, 76227 · Denton County, Texas · multifamily property · 6,576 sq ft · Texas Tax Code §42.26

$2,064estimated 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$535,149
What the comparable appraisals support$441,324
Estimated over-assessment$93,825 · 17.5%
Comparable basis$67/SF
Estimated tax saved / year$2,064

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
$53$536,178 SF1983
$56$566,520 SF1984
$57$566,175 SF1983
$57$576,658 SF1983
$65$666,778 SF1984
$68$686,632 SF1983
$76$766,300 SF1983
$81$816,862 SF1982

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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