Over-assessed vs. comparables

651 W 16th St , Plano, Tx 75075

Plano, 75075 · Collin County, Texas · commercial property · 133,056 sq ft · Texas Tax Code §42.26

$104,465estimated 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$16,623,926
What the comparable appraisals support$11,875,506
Estimated over-assessment$4,748,420 · 28.6%
Comparable basis$89/SF
Estimated tax saved / year$104,465

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
$16$1583,770 SF1960
$21$21113,847 SF1975
$31$32119,084 SF1975
$77$80113,008 SF1976
$90$8485,770 SF1959
$87$94143,783 SF1979
$101$105133,309 SF1973
$110$110102,500 SF1970

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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