Over-assessed vs. comparables

313 E Fm 544 , Murphy, Tx 75094

Murphy, 75094 · Collin County, Texas · commercial property · 3,941 sq ft · Texas Tax Code §42.26

$6,864estimated 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$1,550,000
What the comparable appraisals support$1,238,010
Estimated over-assessment$311,990 · 20.1%
Comparable basis$314/SF
Estimated tax saved / year$6,864

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
$269$2703,142 SF2020
$275$2753,203 SF2019
$288$2915,025 SF2012
$309$3024,420 SF2008
$298$3094,824 SF2018
$335$3193,705 SF2007
$324$3244,200 SF2014
$359$3694,983 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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