Possible over-assessment

5280 Towne Square Dr , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 10,573 sq ft · Texas Tax Code §42.26

$38,571estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Collin public rollTexas
Current assessment$3,942,747
What the comparable appraisals support$2,189,502
Estimated over-assessment$1,753,245 · 44.5%
Comparable basis$207/SF
Estimated tax saved / year$38,571

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
$142$1377,700 SF2013
$149$15210,617 SF2018
$164$1659,432 SF2017
$161$16610,725 SF2020
$190$19110,449 SF2015
$229$2236,946 SF2016
$239$2269,833 SF2004
$237$2338,058 SF2015

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

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