Over-assessed vs. comparables

5625 W Spring Creek Pkwy , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 24,825 sq ft · Texas Tax Code §42.26

$14,691estimated 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$5,606,315
What the comparable appraisals support$4,938,542
Estimated over-assessment$667,773 · 11.9%
Comparable basis$199/SF
Estimated tax saved / year$14,691

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
$180$17519,244 SF2015
$184$17818,297 SF2014
$180$17923,080 SF2016
$194$19728,450 SF2016
$206$19723,600 SF2008
$208$20117,550 SF2015
$199$20530,916 SF2018
$229$23529,680 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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