Over-assessed vs. comparables

5550 Fm 423

Frisco, 75036 · Denton County, Texas · commercial property · 405,969 sq ft · Texas Tax Code §42.26

$169,788estimated 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$31,915,281
What the comparable appraisals support$24,197,641
Estimated over-assessment$7,717,640 · 24.2%
Comparable basis$60/SF
Estimated tax saved / year$169,788

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
$27$27377,635 SF2012
$42$43425,617 SF2015
$44$45425,297 SF2014
$51$52424,460 SF2016
$59$60410,970 SF2016
$58$60428,210 SF2016
$60$61441,000 SF2015
$66$67436,354 SF2015

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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