Over-assessed vs. comparables

918 W Chestnut St

Denton, 76201 · Denton County, Texas · multifamily property · 13,290 sq ft · Texas Tax Code §42.26

$2,639estimated 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$1,154,124
What the comparable appraisals support$1,034,173
Estimated over-assessment$119,951 · 10.4%
Comparable basis$78/SF
Estimated tax saved / year$2,639

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$2413,676 SF1985
$39$3913,874 SF1986
$68$6713,776 SF1984
$69$6811,456 SF1986
$79$7812,725 SF1984
$78$7814,025 SF1985
$80$8012,898 SF1987
$83$8212,898 SF1987

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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