Over-assessed vs. comparables

212 E Broadway St , Prosper, Tx 75078

Prosper, 75078 · Collin County, Texas · commercial property · 2,563 sq ft · Texas Tax Code §42.26

$1,472estimated 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$566,950
What the comparable appraisals support$500,020
Estimated over-assessment$66,930 · 11.8%
Comparable basis$195/SF
Estimated tax saved / year$1,472

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
$120$1132,348 SF2007
$191$1821,715 SF2014
$175$1823,315 SF2019
$203$1932,093 SF2011
$192$1952,498 SF2020
$199$1962,520 SF2014
$244$2332,695 SF2007
$244$2433,292 SF2011

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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