Over-assessed vs. comparables

149 S Princeton Xrd , Princeton, Tx 75049

Princeton, 75049 · Collin County, Texas · multifamily property · 347,540 sq ft · Texas Tax Code §42.26

$481,764estimated 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$71,229,347
What the comparable appraisals support$49,330,992
Estimated over-assessment$21,898,355 · 30.7%
Comparable basis$142/SF
Estimated tax saved / year$481,764

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
$123$124360,057 SF2022
$135$135349,051 SF2021
$135$137343,559 SF2023
$137$138346,285 SF2023
$142$141337,121 SF2020
$142$143343,725 SF2022
$164$165360,958 SF2022
$168$169357,333 SF2021

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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