Over-assessed vs. comparables

2001 E Spring Creek Pkwy , Plano, Tx 75074

Plano, 75074 · Collin County, Texas · multifamily property · 289,620 sq ft · Texas Tax Code §42.26

$162,884estimated 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$52,819,200
What the comparable appraisals support$45,415,370
Estimated over-assessment$7,403,830 · 14.0%
Comparable basis$157/SF
Estimated tax saved / year$162,884

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 5 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
$82$79201,673 SF1994
$139$140317,830 SF1996
$164$157228,221 SF1992
$157$160357,612 SF1997
$185$174310,860 SF1984

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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