Over-assessed vs. comparables

507 Prestige Cir , Allen, Tx 75002

Allen, 75002 · Collin County, Texas · commercial property · 4,962 sq ft · Texas Tax Code §42.26

$10,274estimated 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$1,705,127
What the comparable appraisals support$1,238,140
Estimated over-assessment$466,987 · 27.4%
Comparable basis$250/SF
Estimated tax saved / year$10,274

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
$172$1674,942 SF1995
$177$1724,282 SF1998
$200$1984,475 SF2001
$217$2214,998 SF2005
$221$2254,659 SF2006
$267$2745,968 SF2002
$287$2803,758 SF2001
$300$2924,700 SF1997

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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