Over-assessed vs. comparables

5921 Stone Creek Dr

The Colony, 75056 · Denton County, Texas · commercial property · 80,870 sq ft · Texas Tax Code §42.26

$34,106estimated 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$5,759,686
What the comparable appraisals support$4,209,431
Estimated over-assessment$1,550,255 · 26.9%
Comparable basis$52/SF
Estimated tax saved / year$34,106

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
$29$2979,401 SF2014
$30$3077,468 SF2013
$45$4581,466 SF2014
$46$4676,708 SF2013
$50$4975,658 SF2013
$55$5585,591 SF2013
$67$6885,033 SF2013
$75$7478,380 SF2012

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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