Over-assessed vs. comparables

300 S Louisiana St , Celina, Tx 75009

Celina, 75009 · Collin County, Texas · commercial property · 24,000 sq ft · Texas Tax Code §42.26

$5,563estimated 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$1,551,302
What the comparable appraisals support$1,298,425
Estimated over-assessment$252,877 · 16.3%
Comparable basis$54/SF
Estimated tax saved / year$5,563

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
$9$917,500 SF2012
$20$2129,096 SF2008
$28$2830,762 SF2004
$34$3316,597 SF2004
$48$5020,000 SF2015
$59$5818,200 SF2006
$62$6316,230 SF2018
$69$6927,431 SF2002

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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