Over-assessed vs. comparables

4500 W University Dr

Prosper, 75078 · Denton County, Texas · commercial property · 24,896 sq ft · Texas Tax Code §42.26

$22,397estimated 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$2,591,166
What the comparable appraisals support$1,573,100
Estimated over-assessment$1,018,066 · 39.3%
Comparable basis$63/SF
Estimated tax saved / year$22,397

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
$42$4325,738 SF2024
$45$4626,332 SF2022
$47$4723,667 SF2023
$48$4925,008 SF2024
$60$6021,544 SF2022
$67$6727,667 SF2017
$71$7125,293 SF2018
$71$7120,804 SF2021

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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