Over-assessed vs. comparables

5640 Democracy Dr , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 26,327 sq ft · Texas Tax Code §42.26

$16,076estimated 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$5,700,000
What the comparable appraisals support$4,969,254
Estimated over-assessment$730,746 · 12.8%
Comparable basis$189/SF
Estimated tax saved / year$16,076

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
$69$6927,431 SF2002
$109$10926,720 SF2002
$134$13324,300 SF2002
$164$16324,940 SF2002
$188$18827,440 SF2001
$191$19026,040 SF2001
$204$20427,480 SF2001
$232$23026,014 SF2000

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

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 5640 Democracy Dr , Plano, Tx 75024 and tell you, with no obligation, whether it's worth filing. A licensed Texas agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Collin County

Other Collin County properties over the line