Over-assessed vs. comparables

5584 State Hwy 121 , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 8,297 sq ft · Texas Tax Code §42.26

$9,283estimated 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$4,013,531
What the comparable appraisals support$3,591,578
Estimated over-assessment$421,953 · 10.5%
Comparable basis$433/SF
Estimated tax saved / year$9,283

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
$209$2148,145 SF2017
$239$2428,625 SF2014
$288$2808,065 SF2007
$398$3878,049 SF2007
$425$4207,234 SF2012
$450$4468,061 SF2011
$484$4767,916 SF2010
$509$5117,699 SF2014

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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