Possible over-assessment

401 N Coleman St , Prosper, Tx 75078

Prosper, 75078 · Collin County, Texas · commercial property · 26 sq ft · Texas Tax Code §42.26

$1,044estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Collin public rollTexas
Current assessment$691,875
What the comparable appraisals support$644,432
Estimated over-assessment$47,443 · 6.9%
Comparable basis$24786/SF
Estimated tax saved / year$1,044

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
$16455$1582216 SF1970
$16923$1736313 SF1986
$19289$1855510 SF1975
$23202$2284522 SF1970
$25920$238265 SF1970
$22885$2574526 SF1995
$25294$2698317 SF1991
$40610$4214517 SF1985

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.

Your free review

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