Possible over-assessment

2295 Mcgarity Ln , Lucas, Tx 75002

Lucas, 75002 · Collin County, Texas · commercial property · 1,584 sq ft · Texas Tax Code §42.26

$17,075estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Collin public rollTexas
Current assessment$1,046,235
What the comparable appraisals support$270,101
Estimated over-assessment$776,134 · 74.2%
Comparable basis$171/SF
Estimated tax saved / year$17,075

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
$83$851,542 SF2008
$102$1041,880 SF2003
$111$1121,494 SF2006
$120$1191,660 SF2000
$139$1411,787 SF2004
$200$2001,766 SF2001
$338$3371,536 SF2003
$348$3541,480 SF2008

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.

Your free review

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