Over-assessed vs. comparables

5167 County Road 547 , Nevada, Tx 75173

Nevada, 75173 · Collin County, Texas · commercial property · 9 sq ft · Texas Tax Code §42.26

$1,094estimated 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$324,201
What the comparable appraisals support$274,471
Estimated over-assessment$49,730 · 15.3%
Comparable basis$30497/SF
Estimated tax saved / year$1,094

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
$17225$165228 SF2012
$25908$245737 SF2012
$25607$2589110 SF2018
$26845$2714310 SF2018
$26827$2739710 SF2020
$33806$335978 SF2019
$34933$339867 SF2017
$33473$3435310 SF2021

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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