Over-assessed vs. comparables

3406/3404 San Mateo Dr , Plano, Tx 75023

Plano, 75023 · Collin County, Texas · multifamily property · 3,133 sq ft · Texas Tax Code §42.26

$2,615estimated 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$742,292
What the comparable appraisals support$623,429
Estimated over-assessment$118,863 · 16.0%
Comparable basis$199/SF
Estimated tax saved / year$2,615

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
$173$1733,123 SF1979
$189$1883,119 SF1978
$190$1903,133 SF1979
$192$1913,117 SF1978
$198$1983,162 SF1979
$200$2003,187 SF1979
$202$2033,180 SF1979
$204$2033,118 SF1978

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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