Over-assessed vs. comparables

2140 N Lake Forest Dr 100, Mckinney, Tx 75071

Mckinney, 75071 · Collin County, Texas · commercial property · 4,339 sq ft · Texas Tax Code §42.26

$10,293estimated 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$1,957,887
What the comparable appraisals support$1,490,004
Estimated over-assessment$467,883 · 23.9%
Comparable basis$343/SF
Estimated tax saved / year$10,293

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
$353$3433,150 SF2023
$353$3432,978 SF2024
$353$3432,978 SF2024
$352$3524,090 SF2024
$464$4674,634 SF2023

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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