Over-assessed vs. comparables

409 Ponder St

Denton, 76201 · Denton County, Texas · multifamily property · 14,288 sq ft · Texas Tax Code §42.26

$4,821estimated 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$1,199,304
What the comparable appraisals support$980,148
Estimated over-assessment$219,156 · 18.3%
Comparable basis$69/SF
Estimated tax saved / year$4,821

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$5118,021 SF
$54$5210,080 SF
$66$6614,680 SF1995
$65$6718,018 SF
$70$7014,212 SF1968
$71$7216,572 SF1967
$77$7612,888 SF
$117$11714,968 SF1975

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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