Over-assessed vs. comparables

4120 W Spring Creek Pkwy B-100, Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 6,027 sq ft · Texas Tax Code §42.26

$4,680estimated 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$1,829,025
What the comparable appraisals support$1,616,293
Estimated over-assessment$212,732 · 11.6%
Comparable basis$268/SF
Estimated tax saved / year$4,680

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
$122$1225,995 SF2007
$133$1336,000 SF2007
$194$1946,086 SF2007
$204$2046,008 SF2007
$219$2196,012 SF2007
$318$3175,856 SF2007
$317$3186,200 SF2007
$341$3436,022 SF2008

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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