Over-assessed vs. comparables

491 Valley Ridge Blvd

Lewisville, 75057 · Denton County, Texas · commercial property · 41,048 sq ft · Texas Tax Code §42.26

$13,710estimated 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$2,268,688
What the comparable appraisals support$1,645,504
Estimated over-assessment$623,184 · 27.5%
Comparable basis$40/SF
Estimated tax saved / year$13,710

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
$24$2233,208 SF1987
$26$2440,040 SF1985
$28$2754,191 SF1987
$41$3937,734 SF1989
$43$4240,741 SF1995
$52$4731,644 SF1988
$57$5127,949 SF1986
$109$11242,848 SF2006

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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