Over-assessed vs. comparables

4024 N State Hwy 78 , Wylie, Tx 75098

Wylie, 75098 · Collin County, Texas · commercial property · 2,160 sq ft · Texas Tax Code §42.26

$8,153estimated 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$1,174,619
What the comparable appraisals support$804,015
Estimated over-assessment$370,604 · 31.6%
Comparable basis$372/SF
Estimated tax saved / year$8,153

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
$288$2902,164 SF2018
$322$3242,164 SF2018
$364$3632,081 SF2017
$370$3702,149 SF2017
$370$3712,218 SF2017
$373$3742,218 SF2017
$385$3862,236 SF2017
$709$7112,222 SF2017

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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