Over-assessed vs. comparables

200 S Second St , Wylie, Tx 75098

Wylie, 75098 · Collin County, Texas · multifamily property · 2,873 sq ft · Texas Tax Code §42.26

$2,468estimated 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$485,068
What the comparable appraisals support$372,866
Estimated over-assessment$112,202 · 23.1%
Comparable basis$130/SF
Estimated tax saved / year$2,468

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
$129$1172,132 SF2003
$124$1212,461 SF2017
$124$1212,461 SF2017
$136$1292,654 SF2008
$142$1312,122 SF2007
$149$1372,122 SF2007
$174$1622,646 SF2006
$174$1622,646 SF2006

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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