Over-assessed vs. comparables

506 Foote St , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · multifamily property · 2,507 sq ft · Texas Tax Code §42.26

$1,498estimated 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$601,415
What the comparable appraisals support$533,337
Estimated over-assessment$68,078 · 11.3%
Comparable basis$213/SF
Estimated tax saved / year$1,498

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
$177$1732,660 SF1945
$191$1912,015 SF1954
$206$2113,072 SF1950
$214$2112,140 SF1951
$204$2122,319 SF1959
$215$2132,334 SF1950
$224$2262,366 SF1953
$240$2292,412 SF1941

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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