Over-assessed vs. comparables

1101 S Preston Rd , Prosper, Tx 75078

Prosper, 75078 · Collin County, Texas · commercial property · 14,712 sq ft · Texas Tax Code §42.26

$27,475estimated 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$5,967,850
What the comparable appraisals support$4,718,964
Estimated over-assessment$1,248,886 · 20.9%
Comparable basis$321/SF
Estimated tax saved / year$27,475

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
$260$24212,000 SF2008
$288$26711,276 SF2008
$302$28414,199 SF2007
$321$29511,280 SF2006
$328$30312,152 SF2006
$354$33811,748 SF2013
$360$34512,193 SF2013
$410$3759,850 SF2007

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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