Over-assessed vs. comparables

824 Office Park Cir

Lewisville, 75057-3168 · Denton County, Texas · commercial property · 16,440 sq ft · Texas Tax Code §42.26

$2,539estimated 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$1,056,436
What the comparable appraisals support$941,041
Estimated over-assessment$115,395 · 10.9%
Comparable basis$57/SF
Estimated tax saved / year$2,539

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
$24$2416,889 SF1997
$29$2916,337 SF1996
$42$4216,574 SF1996
$45$4616,551 SF1997
$51$5013,320 SF1999
$64$6416,588 SF1998
$66$6616,465 SF1998
$97$9716,413 SF1998

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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