Over-assessed vs. comparables

8201 Preston Rd , Plano, Tx 75024

Plano, 75024 · Collin County, Texas · commercial property · 90,125 sq ft · Texas Tax Code §42.26

$155,392estimated 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$18,000,000
What the comparable appraisals support$10,936,736
Estimated over-assessment$7,063,264 · 39.2%
Comparable basis$121/SF
Estimated tax saved / year$155,392

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
$81$7970,753 SF2006
$88$8594,047 SF2001
$108$10774,025 SF2008
$116$11369,852 SF2007
$123$12068,746 SF2007
$122$12393,234 SF2008
$128$12589,298 SF2002
$131$133102,681 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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