Above the comparable median

673 Lacore Ln , Melissa, Tx 75454

Melissa, 75454 · Collin County, Texas · multifamily property · 2,723 sq ft · Texas Tax Code §42.26

$1,088estimated overpaid in property tax / year

This property's assessment runs above the median of comparable properties. Whether it clears the bar to file is something we confirm for free.

What the public records show

Collin public rollTexas
Current assessment$557,800
What the comparable appraisals support$508,335
Estimated over-assessment$49,465 · 8.9%
Comparable basis$187/SF
Estimated tax saved / year$1,088

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
$136$1372,654 SF2008
$169$1692,712 SF2007
$174$1722,646 SF2006
$174$1732,646 SF2006
$175$1742,440 SF2007
$199$2002,827 SF2007
$205$2062,659 SF2008
$205$2062,827 SF2007

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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