Over-assessed vs. comparables

5206 E Us Hwy 380 , Princeton, Tx 75407

Princeton, 75407 · Collin County, Texas · commercial property · 1,820 sq ft · Texas Tax Code §42.26

$4,324estimated 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$577,929
What the comparable appraisals support$381,405
Estimated over-assessment$196,524 · 34.0%
Comparable basis$210/SF
Estimated tax saved / year$4,324

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
$28$281,800 SF1967
$55$561,840 SF1967
$135$1361,928 SF1966
$145$1441,695 SF1966
$198$2001,895 SF1967
$221$2191,700 SF1966
$322$3211,737 SF1966
$440$4381,824 SF1965

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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