Over-assessed vs. comparables

5056 Tennyson Pkwy 200, Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 2,486 sq ft · Texas Tax Code §42.26

$2,493estimated 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$880,856
What the comparable appraisals support$767,559
Estimated over-assessment$113,297 · 12.9%
Comparable basis$309/SF
Estimated tax saved / year$2,493

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
$165$1662,474 SF2009
$193$1922,400 SF2008
$279$2772,500 SF2007
$293$2932,500 SF2008
$308$3062,384 SF2008
$311$3112,466 SF2008
$329$3302,728 SF2007
$338$3443,054 SF2007

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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