Over-assessed vs. comparables

10364 County Road 740 , Princeton, Tx 75407

Princeton, 75407 · Collin County, Texas · commercial property · 24 sq ft · Texas Tax Code §42.26

$6,149estimated 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$888,000
What the comparable appraisals support$608,497
Estimated over-assessment$279,503 · 31.5%
Comparable basis$25354/SF
Estimated tax saved / year$6,149

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
$19357$2036720 SF2017
$19357$2036720 SF2017
$20197$2142023 SF2016
$22885$2215226 SF1995
$25294$2308317 SF1991
$27087$2762530 SF2002
$30308$3324030 SF2017
$32300$3414420 SF2018

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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