Over-assessed vs. comparables

1221 E Spring Creek Pkwy , Plano, Tx 75074

Plano, 75074 · Collin County, Texas · commercial property · 5,343 sq ft · Texas Tax Code §42.26

$7,232estimated 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$3,227,148
What the comparable appraisals support$2,898,438
Estimated over-assessment$328,710 · 10.2%
Comparable basis$542/SF
Estimated tax saved / year$7,232

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
$431$4255,320 SF2003
$441$4435,525 SF2006
$501$5055,475 SF2007
$532$5245,310 SF2003
$534$5315,040 SF2006
$560$5545,250 SF2004
$593$5864,695 SF2006
$645$6495,645 SF2006

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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