Over-assessed vs. comparables

990 N Mill St

Lewisville, 75057 · Denton County, Texas · commercial property · 6,793 sq ft · Texas Tax Code §42.26

$2,478estimated 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$518,833
What the comparable appraisals support$406,184
Estimated over-assessment$112,649 · 21.7%
Comparable basis$60/SF
Estimated tax saved / year$2,478

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
$16$157,402 SF1980
$29$308,579 SF1984
$37$354,785 SF1985
$46$465,626 SF1987
$51$515,600 SF1989
$66$698,360 SF1987
$86$867,005 SF1984
$105$1067,552 SF1984

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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