Over-assessed vs. comparables

474 N Hays Rd , Prosper, Tx 75078

Prosper, 75078 · Collin County, Texas · industrial property · 21,800 sq ft · Texas Tax Code §42.26

$7,531estimated 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$1,995,000
What the comparable appraisals support$1,652,674
Estimated over-assessment$342,326 · 17.2%
Comparable basis$76/SF
Estimated tax saved / year$7,531

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
$41$4017,225 SF2005
$47$4521,200 SF1999
$48$4921,000 SF2011
$58$5514,000 SF2003
$60$5922,000 SF1999
$94$9319,832 SF2005
$120$12120,441 SF2008
$132$13020,000 SF2003

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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