Over-assessed vs. comparables

520 S Second St , Princeton, Tx 75407

Princeton, 75407 · Collin County, Texas · multifamily property · 7,961 sq ft · Texas Tax Code §42.26

$2,568estimated 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$750,000
What the comparable appraisals support$633,273
Estimated over-assessment$116,727 · 15.6%
Comparable basis$80/SF
Estimated tax saved / year$2,568

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
$36$3810,088 SF1978
$62$6311,088 SF1967
$75$727,047 SF1963
$77$735,051 SF1967
$77$768,160 SF1966
$82$8310,460 SF1967
$87$836,625 SF1966
$88$854,640 SF1970

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 520 S Second St , Princeton, Tx 75407 and tell you, with no obligation, whether it's worth filing. A licensed Texas agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Collin County

Other Collin County properties over the line