Over-assessed vs. comparables

429 S Fourth St , Wylie, Tx 75098

Wylie, 75098 · Collin County, Texas · multifamily property · 2,595 sq ft · Texas Tax Code §42.26

$4,106estimated 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$490,536
What the comparable appraisals support$303,911
Estimated over-assessment$186,625 · 38.0%
Comparable basis$117/SF
Estimated tax saved / year$4,106

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
$97$952,320 SF1983
$111$1112,711 SF1984
$113$1122,476 SF1983
$113$1132,696 SF1983
$117$1172,614 SF1984
$119$1172,442 SF1983
$123$1212,360 SF1983
$124$1232,409 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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