Over-assessed vs. comparables

1403 Alma Dr , Plano, Tx 75075

Plano, 75075 · Collin County, Texas · commercial property · 139,322 sq ft · Texas Tax Code §42.26

$88,597estimated 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$23,285,508
What the comparable appraisals support$19,258,376
Estimated over-assessment$4,027,132 · 17.3%
Comparable basis$138/SF
Estimated tax saved / year$88,597

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 7 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
$95$97181,969 SF2010
$111$111183,264 SF2004
$136$137126,685 SF2014
$140$138139,030 SF2008
$166$162163,881 SF2003
$231$218101,593 SF2005
$259$24397,930 SF2005

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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