Over-assessed vs. comparables

511 Foote St , Mckinney, Tx 75069

Mckinney, 75069 · Collin County, Texas · commercial property · 3,210 sq ft · Texas Tax Code §42.26

$1,365estimated 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$431,732
What the comparable appraisals support$369,669
Estimated over-assessment$62,063 · 14.4%
Comparable basis$115/SF
Estimated tax saved / year$1,365

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
$21$213,100 SF1940
$33$353,944 SF1950
$57$594,200 SF1940
$63$592,208 SF1935
$120$1152,625 SF1935
$118$1152,400 SF1940
$137$1333,138 SF1935
$215$2032,302 SF1935

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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