Above the comparable median

521-531 N Locust St

Denton, 76201-4127 · Denton County, Texas · commercial property · 24,101 sq ft · Texas Tax Code §42.26

$2,706estimated overpaid in property tax / year

This property's assessment runs above the median of comparable properties. Whether it clears the bar to file is something we confirm for free.

What the public records show

Denton public rollTexas
Current assessment$1,359,847
What the comparable appraisals support$1,236,860
Estimated over-assessment$122,987 · 9.0%
Comparable basis$51/SF
Estimated tax saved / year$2,706

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
$31$3125,900 SF2006
$48$4625,969 SF2000
$48$4727,216 SF2004
$49$4923,880 SF
$53$5121,686 SF2004
$56$5220,784 SF1997
$56$5321,494 SF2000
$58$5717,668 SF

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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