Over-assessed vs. comparables

4666 Mcdermott Rd 100, Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 6,015 sq ft · Texas Tax Code §42.26

$9,830estimated 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$1,804,500
What the comparable appraisals support$1,357,698
Estimated over-assessment$446,802 · 24.8%
Comparable basis$226/SF
Estimated tax saved / year$9,830

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
$63$636,000 SF2015
$99$995,974 SF2015
$109$1095,932 SF2015
$121$1215,940 SF2015
$148$1486,103 SF2015
$310$3044,778 SF2015
$378$3775,890 SF2015
$488$4896,128 SF2015

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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