Over-assessed vs. comparables

5300 State Hwy 121 , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 10,726 sq ft · Texas Tax Code §42.26

$47,417estimated 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$6,732,312
What the comparable appraisals support$4,576,992
Estimated over-assessment$2,155,320 · 32.0%
Comparable basis$427/SF
Estimated tax saved / year$47,417

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
$200$1989,979 SF2020
$349$34211,795 SF2015
$352$35811,345 SF2023
$405$39110,857 SF2014
$427$4218,253 SF2023
$441$4338,168 SF2022
$542$5278,870 SF2019
$551$5478,833 SF2023

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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