Over-assessed vs. comparables

114/116 W Louisiana St , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · commercial property · 16,000 sq ft · Texas Tax Code §42.26

$9,289estimated 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$3,050,000
What the comparable appraisals support$2,627,778
Estimated over-assessment$422,222 · 13.8%
Comparable basis$164/SF
Estimated tax saved / year$9,289

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
$54$5416,552 SF2008
$89$8915,884 SF2008
$145$14415,104 SF2008
$148$14715,610 SF2007
$159$16016,309 SF2008
$169$16916,382 SF2007
$190$18815,787 SF2007
$216$21716,614 SF2008

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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