Over-assessed vs. comparables

4650 W University Dr

Prosper, 75078 · Denton County, Texas · commercial property · 428,210 sq ft · Texas Tax Code §42.26

$162,002estimated 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$25,040,227
What the comparable appraisals support$17,676,510
Estimated over-assessment$7,363,717 · 29.4%
Comparable basis$41/SF
Estimated tax saved / year$162,002

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
$27$26377,635 SF2012
$31$31505,663 SF
$35$33384,832 SF2008
$38$37363,768 SF2015
$42$40338,309 SF2008
$43$43428,079 SF
$45$43303,900 SF2014
$44$44425,297 SF2014

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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