Over-assessed vs. comparables

918 W Prairie St

Denton, 76201-5898 · Denton County, Texas · multifamily property · 2,841 sq ft · Texas Tax Code §42.26

$3,441estimated 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$568,706
What the comparable appraisals support$412,290
Estimated over-assessment$156,416 · 27.5%
Comparable basis$145/SF
Estimated tax saved / year$3,441

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
$127$1293,642 SF2007
$136$1373,382 SF2008
$139$1423,648 SF2009
$139$1423,648 SF2009
$139$1423,648 SF2009
$147$1482,994 SF2011
$149$1493,005 SF2008
$163$1663,580 SF2008

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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