Over-assessed vs. comparables

720-724 Bolivar St

Denton, 76201-2920 · Denton County, Texas · multifamily property · 6,244 sq ft · Texas Tax Code §42.26

$6,186estimated 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$768,332
What the comparable appraisals support$487,134
Estimated over-assessment$281,198 · 36.6%
Comparable basis$78/SF
Estimated tax saved / year$6,186

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 6 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
$63$595,304 SF1958
$70$734,480 SF1982
$79$785,440 SF
$76$787,164 SF1970
$80$855,846 SF1982
$134$1357,392 SF1965

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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