Over-assessed vs. comparables

116 W Broadway St , Prosper, Tx 75078

Prosper, 75078 · Collin County, Texas · commercial property · 1,200 sq ft · Texas Tax Code §42.26

$2,881estimated 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$371,148
What the comparable appraisals support$240,193
Estimated over-assessment$130,955 · 35.3%
Comparable basis$200/SF
Estimated tax saved / year$2,881

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
$68$681,212 SF1955
$71$711,161 SF1956
$92$931,232 SF1955
$168$1661,144 SF1953
$190$1921,198 SF1956
$205$2081,240 SF1956
$253$2501,191 SF1952
$306$3071,200 SF1955

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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