Over-assessed vs. comparables

1201 N Waddill St , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · multifamily property · 1,689 sq ft · Texas Tax Code §42.26

$2,115estimated 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$457,000
What the comparable appraisals support$360,878
Estimated over-assessment$96,122 · 21.0%
Comparable basis$214/SF
Estimated tax saved / year$2,115

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
$170$1691,676 SF1959
$180$1791,680 SF1959
$202$2001,584 SF1960
$213$2121,670 SF1959
$213$2131,736 SF1960
$212$2141,664 SF1962
$225$2231,560 SF1960
$237$2351,549 SF1960

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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