Over-assessed vs. comparables

915 W Sycamore St

Denton, 76201-4049 · Denton County, Texas · commercial property · 70,360 sq ft · Texas Tax Code §42.26

$36,606estimated 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$7,638,237
What the comparable appraisals support$5,974,339
Estimated over-assessment$1,663,898 · 21.8%
Comparable basis$85/SF
Estimated tax saved / year$36,606

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
$4$456,000 SF2000
$5$580,000 SF2000
$7$767,250 SF2000
$37$3788,400 SF
$91$8554,108 SF2005
$116$10956,784 SF2004
$124$11754,620 SF2007
$140$13649,950 SF2013

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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