Over-assessed vs. comparables

401 S Main St , Lavon, Tx 75166

Lavon, 75166 · Collin County, Texas · commercial property · 1,908 sq ft · Texas Tax Code §42.26

$1,356estimated 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$302,592
What the comparable appraisals support$240,950
Estimated over-assessment$61,642 · 20.4%
Comparable basis$126/SF
Estimated tax saved / year$1,356

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
$51$511,960 SF1983
$51$522,016 SF1983
$51$522,016 SF1983
$105$1051,836 SF1983
$105$1062,029 SF1983
$148$1471,888 SF1982
$174$1731,896 SF1982
$243$2421,787 SF1983

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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