Over-assessed vs. comparables

306 E Broadway St , Prosper, Tx 75078

Prosper, 75078 · Collin County, Texas · commercial property · 1,680 sq ft · Texas Tax Code §42.26

$5,030estimated 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$596,748
What the comparable appraisals support$368,118
Estimated over-assessment$228,630 · 38.3%
Comparable basis$219/SF
Estimated tax saved / year$5,030

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
$29$281,664 SF1920
$51$501,692 SF1920
$166$1631,346 SF1925
$169$1721,610 SF1930
$187$1841,420 SF1925
$253$2541,750 SF1925
$262$2672,000 SF1925
$303$2991,471 SF1925

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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