Over-assessed vs. comparables

281 Legacy Dr , Plano, Tx 75023

Plano, 75023 · Collin County, Texas · commercial property · 101,593 sq ft · Texas Tax Code §42.26

$180,134estimated 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$23,449,569
What the comparable appraisals support$15,261,677
Estimated over-assessment$8,187,892 · 34.9%
Comparable basis$150/SF
Estimated tax saved / year$180,134

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
$116$11489,296 SF2003
$128$12382,996 SF2001
$142$136111,340 SF1994
$137$13787,488 SF2008
$152$144109,128 SF1993
$163$15677,785 SF2001
$211$20983,014 SF2007
$212$21478,414 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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