Over-assessed vs. comparables

208 W Fm 544 , Murphy, Tx 75094

Murphy, 75094 · Collin County, Texas · commercial property · 17,840 sq ft · Texas Tax Code §42.26

$28,148estimated 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$8,389,936
What the comparable appraisals support$7,110,495
Estimated over-assessment$1,279,441 · 15.3%
Comparable basis$399/SF
Estimated tax saved / year$28,148

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
$49$4918,060 SF2023
$88$8918,000 SF2024
$244$24719,048 SF2023
$255$25618,000 SF2023
$394$39017,944 SF2020
$412$40717,391 SF2020
$447$44116,367 SF2021
$478$47317,010 SF2021

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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