Over-assessed vs. comparables

508 Strata Dr

Denton, 76201-1872 · Denton County, Texas · multifamily property · 2,108 sq ft · Texas Tax Code §42.26

$1,084estimated 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$343,036
What the comparable appraisals support$293,779
Estimated over-assessment$49,257 · 14.4%
Comparable basis$139/SF
Estimated tax saved / year$1,084

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
$132$1362,800 SF1986
$142$1382,268 SF1978
$138$1382,108 SF1986
$130$1382,475 SF1995
$133$1412,352 SF1995
$140$1502,783 SF1994
$146$1562,355 SF1997
$158$1592,268 SF1986

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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