Over-assessed vs. comparables

503-507 Pearl St

Denton, 76201-9053 · Denton County, Texas · multifamily property · 2,532 sq ft · Texas Tax Code §42.26

$840estimated 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$370,722
What the comparable appraisals support$332,528
Estimated over-assessment$38,194 · 10.3%
Comparable basis$131/SF
Estimated tax saved / year$840

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
$86$852,210 SF1949
$93$922,618 SF1946
$115$1152,466 SF1949
$119$1172,236 SF1949
$124$1252,588 SF1950
$138$1382,305 SF1950
$149$1482,236 SF1949
$151$1482,516 SF1945

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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