Over-assessed vs. comparables

1032 E 15th St , Plano, Tx 75074

Plano, 75074 · Collin County, Texas · commercial property · 4,000 sq ft · Texas Tax Code §42.26

$3,392estimated 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$1,039,062
What the comparable appraisals support$884,866
Estimated over-assessment$154,196 · 14.8%
Comparable basis$221/SF
Estimated tax saved / year$3,392

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
$30$293,196 SF1891
$93$924,320 SF1888
$114$1175,003 SF1890
$118$1244,000 SF1900
$184$1843,882 SF1890
$248$2594,472 SF1896
$283$2762,940 SF1890
$280$2954,094 SF1900

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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