Over-assessed vs. comparables

1533 N Mcdonald St , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · commercial property · 8,035 sq ft · Texas Tax Code §42.26

$4,134estimated 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$1,299,984
What the comparable appraisals support$1,112,065
Estimated over-assessment$187,919 · 14.5%
Comparable basis$138/SF
Estimated tax saved / year$4,134

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
$93$968,000 SF2014
$116$1126,400 SF2004
$118$1156,000 SF2006
$130$1286,882 SF2006
$138$1356,000 SF2006
$144$1427,400 SF2005
$154$1547,800 SF2007
$160$1578,000 SF2003

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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