Above the comparable median

1101 W Lucas Rd , Lucas, Tx 75002

Lucas, 75002 · Collin County, Texas · commercial property · 23,596 sq ft · Texas Tax Code §42.26

$7,000estimated overpaid in property tax / year

This property's assessment runs above the median of comparable properties. Whether it clears the bar to file is something we confirm for free.

What the public records show

Collin public rollTexas
Current assessment$5,479,631
What the comparable appraisals support$5,161,450
Estimated over-assessment$318,181 · 5.8%
Comparable basis$219/SF
Estimated tax saved / year$7,000

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
$29$2924,642 SF2010
$92$9120,152 SF2013
$121$12019,537 SF2013
$140$13926,272 SF2009
$220$21523,104 SF2008
$219$22327,726 SF2012
$243$23919,422 SF2012
$327$32820,766 SF2015

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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