Over-assessed vs. comparables

4801 Sh 121

The Colony, 75056-2916 · Denton County, Texas · commercial property · 27,040 sq ft · Texas Tax Code §42.26

$6,123estimated 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$1,878,355
What the comparable appraisals support$1,600,041
Estimated over-assessment$278,314 · 14.8%
Comparable basis$59/SF
Estimated tax saved / year$6,123

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$2728,012 SF1995
$44$4628,060 SF2008
$52$5518,201 SF2016
$62$5920,124 SF1998
$55$5934,992 SF2009
$59$6326,898 SF2016
$66$7022,012 SF2016
$74$7925,206 SF2016

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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