Over-assessed vs. comparables

579 Lloyds Rd

Little Elm, 75068-2615 · Denton County, Texas · multifamily property · 569,389 sq ft · Texas Tax Code §42.26

$956,701estimated 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$117,937,844
What the comparable appraisals support$74,451,436
Estimated over-assessment$43,486,408 · 36.9%
Comparable basis$131/SF
Estimated tax saved / year$956,701

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
$83$83580,052 SF2022
$108$109590,471 SF2021
$117$118553,546 SF2023
$126$126541,492 SF2022
$129$129538,628 SF2022
$133$133553,135 SF2021
$136$136566,010 SF2022
$154$156566,287 SF2023

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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