Over-assessed vs. comparables

1009 14th St , Plano, Tx 75074

Plano, 75074 · Collin County, Texas · multifamily property · 160,899 sq ft · Texas Tax Code §42.26

$246,551estimated 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

Collin public rollTexas
Current assessment$32,068,079
What the comparable appraisals support$20,861,205
Estimated over-assessment$11,206,874 · 34.9%
Comparable basis$130/SF
Estimated tax saved / year$246,551

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
$53$53152,145 SF2019
$54$54136,005 SF2018
$82$82175,070 SF2017
$111$112179,025 SF2016
$127$125170,106 SF2013
$138$135157,396 SF2013
$163$167173,085 SF2020
$170$173158,181 SF2021

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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