Over-assessed vs. comparables

4905 Main St

The Colony, 75056-2255 · Denton County, Texas · commercial property · 13,914 sq ft · Texas Tax Code §42.26

$2,997estimated 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$889,885
What the comparable appraisals support$753,649
Estimated over-assessment$136,236 · 15.3%
Comparable basis$54/SF
Estimated tax saved / year$2,997

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
$33$3317,230 SF2014
$35$3410,802 SF2001
$38$3814,682 SF2005
$41$4115,585 SF2004
$53$5414,185 SF1992
$55$5513,463 SF2002
$56$5717,400 SF2002
$62$6213,363 SF1999

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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