Over-assessed vs. comparables

5701 Scruggs Way , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · multifamily property · 53,638 sq ft · Texas Tax Code §42.26

$66,218estimated 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$12,157,857
What the comparable appraisals support$9,147,943
Estimated over-assessment$3,009,914 · 24.8%
Comparable basis$171/SF
Estimated tax saved / year$66,218

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
$115$11249,305 SF2001
$127$12251,186 SF1997
$145$15761,207 SF2017
$167$15832,352 SF2001
$179$17055,592 SF1993
$177$17150,508 SF1999
$181$18041,080 SF2008
$177$18058,886 SF2006

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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