Over-assessed vs. comparables

545 K Ave , Plano, Tx 75074

Plano, 75074 · Collin County, Texas · commercial property · 44,010 sq ft · Texas Tax Code §42.26

$50,505estimated 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$8,384,835
What the comparable appraisals support$6,089,174
Estimated over-assessment$2,295,661 · 27.4%
Comparable basis$138/SF
Estimated tax saved / year$50,505

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
$103$10350,120 SF2018
$109$10845,892 SF2016
$122$12543,234 SF2024
$132$13243,086 SF2019
$133$13348,660 SF2018
$144$14348,384 SF2016
$148$15051,818 SF2019
$166$16750,671 SF2017

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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