Over-assessed vs. comparables

704 E 15th St , Plano, Tx 75074

Plano, 75074 · Collin County, Texas · commercial property · 6,166 sq ft · Texas Tax Code §42.26

$3,655estimated 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$676,341
What the comparable appraisals support$510,198
Estimated over-assessment$166,143 · 24.6%
Comparable basis$83/SF
Estimated tax saved / year$3,655

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
$63$636,346 SF1985
$70$716,741 SF1986
$73$726,059 SF1981
$77$766,059 SF1980
$79$796,600 SF1982
$88$876,473 SF1981
$96$976,500 SF1985
$107$1055,875 SF1981

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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