Over-assessed vs. comparables

4700 Tribeca Ln , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · multifamily property · 196,064 sq ft · Texas Tax Code §42.26

$239,555estimated 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$47,603,747
What the comparable appraisals support$36,714,882
Estimated over-assessment$10,888,865 · 22.9%
Comparable basis$187/SF
Estimated tax saved / year$239,555

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
$120$117188,557 SF2006
$127$126170,106 SF2013
$137$140198,950 SF2015
$181$180205,453 SF2008
$183$182201,902 SF2009
$196$193186,375 SF2008
$203$201173,393 SF2011
$205$203173,658 SF2012

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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