Over-assessed vs. comparables

729 Cain St

Lake Dallas, 75065-3714 · Denton County, Texas · multifamily property · 6,040 sq ft · Texas Tax Code §42.26

$2,921estimated 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$640,554
What the comparable appraisals support$507,801
Estimated over-assessment$132,753 · 20.7%
Comparable basis$84/SF
Estimated tax saved / year$2,921

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
$48$486,216 SF1999
$55$555,789 SF2001
$56$598,608 SF2002
$78$775,428 SF1998
$86$846,084 SF1994
$84$856,696 SF2000
$96$966,790 SF1997
$106$1066,040 SF2000

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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