Over-assessed vs. comparables

404 N Business 78 , Blue Ridge, Tx 75424

Blue Ridge, 75424 · Collin County, Texas · multifamily property · 8,652 sq ft · Texas Tax Code §42.26

$4,019estimated 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$1,160,030
What the comparable appraisals support$977,362
Estimated over-assessment$182,668 · 15.8%
Comparable basis$113/SF
Estimated tax saved / year$4,019

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
$115$1126,536 SF2021
$115$1126,536 SF2021
$115$1126,536 SF2021
$115$1126,536 SF2021
$116$1136,536 SF2021
$111$1139,904 SF2022
$134$1348,652 SF2021
$196$1977,437 SF2024

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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