Over-assessed vs. comparables

1016 E 15th St , Plano, Tx 75074

Plano, 75074 · Collin County, Texas · commercial property · 1,200 sq ft · Texas Tax Code §42.26

$1,403estimated 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$366,770
What the comparable appraisals support$303,005
Estimated over-assessment$63,765 · 17.4%
Comparable basis$253/SF
Estimated tax saved / year$1,403

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
$68$681,212 SF1955
$71$711,161 SF1956
$92$921,232 SF1955
$190$1911,198 SF1956
$205$2071,240 SF1956
$306$298900 SF1955
$309$3081,200 SF1954
$315$3211,440 SF1955

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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