Over-assessed vs. comparables

1508 W Louisiana St , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · commercial property · 1,164 sq ft · Texas Tax Code §42.26

$3,251estimated 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$381,000
What the comparable appraisals support$233,218
Estimated over-assessment$147,782 · 38.8%
Comparable basis$200/SF
Estimated tax saved / year$3,251

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
$15$151,071 SF1934
$119$1211,340 SF1935
$173$1701,260 SF1930
$189$1891,036 SF1938
$203$1981,090 SF1932
$194$2021,698 SF1935
$194$2081,156 SF1950
$236$2381,285 SF1935

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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