Over-assessed vs. comparables

764-776 S Mill St

Lewisville, 75057-4636 · Denton County, Texas · commercial property · 25,900 sq ft · Texas Tax Code §42.26

$8,842estimated 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$1,058,288
What the comparable appraisals support$656,371
Estimated over-assessment$401,917 · 38.0%
Comparable basis$25/SF
Estimated tax saved / year$8,842

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
$12$1223,507 SF1961
$13$1323,644 SF1962
$18$1825,084 SF
$20$1924,480 SF1960
$20$2123,220 SF1973
$29$3028,203 SF1965
$42$4226,670 SF1960
$66$6521,405 SF1963

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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