Above the comparable median

5290 Memorial Dr

The Colony, 75056 · Denton County, Texas · commercial property · 87,730 sq ft · Texas Tax Code §42.26

$8,420estimated 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$7,433,283
What the comparable appraisals support$7,050,553
Estimated over-assessment$382,730 · 5.1%
Comparable basis$80/SF
Estimated tax saved / year$8,420

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
$59$5796,875 SF2009
$62$6294,610 SF2015
$63$65112,350 SF2020
$79$7889,498 SF2013
$76$7887,536 SF2022
$81$8397,532 SF2018
$90$92113,913 SF2016
$101$10295,406 SF2018

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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