Over-assessed vs. comparables

2425 Central Expy , Melissa, Tx 75454

Melissa, 75454 · Collin County, Texas · multifamily property · 354,301 sq ft · Texas Tax Code §42.26

$193,846estimated 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$59,000,000
What the comparable appraisals support$50,188,811
Estimated over-assessment$8,811,189 · 14.9%
Comparable basis$142/SF
Estimated tax saved / year$193,846

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
$11$11276,136 SF2025
$22$22354,435 SF2024
$135$135343,559 SF2023
$135$136372,239 SF2023
$137$136346,285 SF2023
$148$147338,982 SF2023
$158$157337,052 SF2023
$165$165339,320 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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