Over-assessed vs. comparables

1212 Community Ave , Mckinney, Tx 75071

Mckinney, 75071 · Collin County, Texas · multifamily property · 131,418 sq ft · Texas Tax Code §42.26

$197,883estimated 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$31,943,537
What the comparable appraisals support$22,948,839
Estimated over-assessment$8,994,698 · 28.2%
Comparable basis$175/SF
Estimated tax saved / year$197,883

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
$38$37111,208 SF2018
$54$55136,005 SF2018
$61$60134,574 SF2012
$65$65141,891 SF2014
$154$152123,551 SF2016
$195$197124,384 SF2020
$199$204160,899 SF2017
$210$214139,333 SF2020

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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