Over-assessed vs. comparables

402 S New Mexico St , Celina, Tx 75009

Celina, 75009 · Collin County, Texas · commercial property · 2,628 sq ft · Texas Tax Code §42.26

$860estimated 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$314,479
What the comparable appraisals support$275,383
Estimated over-assessment$39,096 · 12.4%
Comparable basis$105/SF
Estimated tax saved / year$860

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
$58$582,664 SF1982
$64$642,120 SF1982
$63$643,060 SF1980
$86$852,652 SF1977
$93$953,376 SF1980
$116$1142,486 SF1979
$117$1212,800 SF1986
$154$1603,064 SF1984

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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