Above the comparable median

154 W Fm 544 , Murphy, Tx 75094

Murphy, 75094 · Collin County, Texas · commercial property · 4,587 sq ft · Texas Tax Code §42.26

$3,865estimated overpaid in property tax / year

This property's assessment runs above the median of comparable properties. Whether it clears the bar to file is something we confirm for free.

What the public records show

Collin public rollTexas
Current assessment$2,580,230
What the comparable appraisals support$2,404,551
Estimated over-assessment$175,679 · 6.8%
Comparable basis$524/SF
Estimated tax saved / year$3,865

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
$434$4324,671 SF2003
$478$4784,774 SF2003
$493$4974,525 SF2006
$498$4994,432 SF2005
$504$5074,868 SF2004
$546$5424,225 SF2004
$546$5434,282 SF2004
$549$5494,774 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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