Over-assessed vs. comparables

4440 Sh 121

Lewisville, 75056 · Denton County, Texas · multifamily property · 571,629 sq ft · Texas Tax Code §42.26

$608,331estimated 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$93,547,038
What the comparable appraisals support$65,895,626
Estimated over-assessment$27,651,412 · 29.6%
Comparable basis$115/SF
Estimated tax saved / year$608,331

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 7 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
$87$87613,681 SF2017
$105$101415,768 SF2016
$113$109591,102 SF2011
$121$115450,927 SF2014
$152$153462,985 SF2024
$152$157585,597 SF2024
$178$178629,384 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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