Over-assessed vs. comparables

1601 Eldorado Pkwy , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · commercial property · 27,615 sq ft · Texas Tax Code §42.26

$15,896estimated 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$3,600,000
What the comparable appraisals support$2,877,465
Estimated over-assessment$722,535 · 20.1%
Comparable basis$104/SF
Estimated tax saved / year$15,896

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
$55$4921,904 SF1983
$65$6526,520 SF1998
$89$9137,276 SF1997
$99$9727,063 SF1993
$103$10124,870 SF1996
$98$10734,200 SF2012
$105$10834,438 SF1999
$164$15920,755 SF1996

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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