Over-assessed vs. comparables

250 W First St , Prosper, Tx 75078

Prosper, 75078 · Collin County, Texas · commercial property · 22,181 sq ft · Texas Tax Code §42.26

$44,194estimated 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$6,928,773
What the comparable appraisals support$4,919,933
Estimated over-assessment$2,008,840 · 29.0%
Comparable basis$222/SF
Estimated tax saved / year$44,194

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
$75$7621,875 SF2022
$100$10122,690 SF2020
$103$10420,150 SF2024
$149$15122,928 SF2022
$204$20927,961 SF2019
$241$23520,272 SF2015
$291$30024,032 SF2024
$327$31820,766 SF2015

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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