Over-assessed vs. comparables

3851 Mckinney St , Melissa, Tx 75454

Melissa, 75454 · Collin County, Texas · commercial property · 10,721 sq ft · Texas Tax Code §42.26

$7,386estimated 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$2,505,794
What the comparable appraisals support$2,170,052
Estimated over-assessment$335,742 · 13.4%
Comparable basis$202/SF
Estimated tax saved / year$7,386

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
$150$14110,554 SF2008
$180$18011,701 SF2018
$191$1847,959 SF2018
$187$19010,637 SF2024
$206$2019,533 SF2017
$205$20413,204 SF2014
$263$25712,061 SF2013
$367$3507,907 SF2016

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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