Over-assessed vs. comparables

800 Thomas St , Wylie, Tx 75098

Wylie, 75098 · Collin County, Texas · commercial property · 11,396 sq ft · Texas Tax Code §42.26

$26,709estimated 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$4,089,487
What the comparable appraisals support$2,875,421
Estimated over-assessment$1,214,066 · 29.7%
Comparable basis$252/SF
Estimated tax saved / year$26,709

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
$155$15812,171 SF2014
$199$19811,494 SF2009
$210$20912,420 SF2008
$244$24611,610 SF2012
$248$25112,096 SF2012
$259$25410,750 SF2008
$275$27210,998 SF2009
$335$34412,020 SF2015

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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