Over-assessed vs. comparables

1213 W Mcdermott Dr , Allen, Tx 75013

Allen, 75013 · Collin County, Texas · commercial property · 3,675 sq ft · Texas Tax Code §42.26

$2,872estimated 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$985,000
What the comparable appraisals support$854,436
Estimated over-assessment$130,564 · 13.3%
Comparable basis$232/SF
Estimated tax saved / year$2,872

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
$40$393,470 SF1997
$72$713,000 SF2000
$146$1493,500 SF2006
$180$1843,996 SF2003
$225$2233,750 SF1998
$240$2423,920 SF2000
$247$2494,244 SF1998
$273$2693,220 SF1999

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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