Over-assessed vs. comparables

2550 Wilmeth Rd , Mckinney, Tx 75071

Mckinney, 75071 · Collin County, Texas · commercial property · 582,987 sq ft · Texas Tax Code §42.26

$678,649estimated 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$138,842,714
What the comparable appraisals support$107,995,011
Estimated over-assessment$30,847,703 · 22.2%
Comparable basis$185/SF
Estimated tax saved / year$678,649

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
$97$90429,823 SF1990
$125$113393,055 SF1986
$142$142441,357 SF2005
$176$178382,363 SF2010
$182$192545,228 SF2013
$188$201603,574 SF2013
$205$215691,266 SF2006
$216$230606,071 SF2012

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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