Over-assessed vs. comparables

5040 Commonsgate Blvd , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 10,886 sq ft · Texas Tax Code §42.26

$12,905estimated 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$3,284,397
What the comparable appraisals support$2,697,794
Estimated over-assessment$586,603 · 17.9%
Comparable basis$248/SF
Estimated tax saved / year$12,905

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
$200$20011,313 SF2008
$204$20210,669 SF2007
$220$21710,911 SF2006
$235$23410,288 SF2009
$243$24110,710 SF2008
$256$25410,184 SF2009
$261$26110,966 SF2009
$299$30411,353 SF2011

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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