Over-assessed vs. comparables

5905 Arbor Hills Way

The Colony, 75056-5263 · Denton County, Texas · multifamily property · 753,281 sq ft · Texas Tax Code §42.26

$410,015estimated 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$86,069,691
What the comparable appraisals support$67,432,656
Estimated over-assessment$18,637,035 · 21.6%
Comparable basis$90/SF
Estimated tax saved / year$410,015

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
$52$51676,185 SF2003
$63$64830,446 SF2003
$69$69758,383 SF2002
$90$89794,703 SF1998
$90$89743,464 SF2000
$93$90749,116 SF1997
$104$104825,676 SF2001
$114$113829,178 SF1999

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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