Over-assessed vs. comparables

7551 Gibbs Rd

Argyle, 76226 · Denton County, Texas · commercial property · 25,550 sq ft · Texas Tax Code §42.26

$17,877estimated 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$3,254,686
What the comparable appraisals support$2,442,102
Estimated over-assessment$812,584 · 25.0%
Comparable basis$96/SF
Estimated tax saved / year$17,877

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
$74$6918,200 SF2016
$83$8021,955 SF2018
$81$8134,403 SF2016
$94$9433,207 SF2017
$98$9629,575 SF2015
$97$9830,100 SF2020
$102$10432,437 SF2021
$114$11426,821 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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