Over-assessed vs. comparables

4431 Augusta St

The Colony, 75056 · Denton County, Texas · commercial property · 110,456 sq ft · Texas Tax Code §42.26

$58,338estimated 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$14,250,942
What the comparable appraisals support$11,599,224
Estimated over-assessment$2,651,718 · 18.6%
Comparable basis$105/SF
Estimated tax saved / year$58,338

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
$46$46127,971 SF
$65$65114,783 SF1999
$86$89140,339 SF2002
$101$98115,960 SF1992
$108$10574,572 SF2000
$112$10598,095 SF1990
$109$114127,779 SF2006
$118$122118,183 SF2005

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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