Over-assessed vs. comparables

1201 E Louisiana St , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · commercial property · 50,924 sq ft · Texas Tax Code §42.26

$47,368estimated 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$5,988,257
What the comparable appraisals support$3,835,165
Estimated over-assessment$2,153,092 · 36.0%
Comparable basis$75/SF
Estimated tax saved / year$47,368

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
$46$4660,440 SF1980
$55$5549,140 SF1984
$63$6657,473 SF1991
$65$6748,915 SF1991
$69$6851,924 SF1980
$82$8344,858 SF1990
$83$8445,044 SF1990
$104$10337,278 SF1987

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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