Over-assessed vs. comparables

201 Farmersville Pkwy , Farmersville, Tx 75442

Farmersville, 75442 · Collin County, Texas · commercial property · 5,880 sq ft · Texas Tax Code §42.26

$2,791estimated 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$941,591
What the comparable appraisals support$814,711
Estimated over-assessment$126,880 · 13.5%
Comparable basis$139/SF
Estimated tax saved / year$2,791

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
$53$525,420 SF2000
$63$635,288 SF2005
$74$735,482 SF2003
$92$936,768 SF2003
$124$1246,000 SF2002
$156$1545,040 SF2003
$201$1996,220 SF2000
$244$2405,761 SF2000

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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