Over-assessed vs. comparables

440 N Fm 1138 , Nevada, Tx 75173

Nevada, 75173 · Collin County, Texas · commercial property · 425,622 sq ft · Texas Tax Code §42.26

$584,339estimated 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$98,629,715
What the comparable appraisals support$72,068,848
Estimated over-assessment$26,560,867 · 26.9%
Comparable basis$169/SF
Estimated tax saved / year$584,339

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 5 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
$142$133441,357 SF2005
$176$166382,363 SF2010
$184$169299,442 SF2009
$182$181545,228 SF2013
$315$313458,757 SF2016

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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