Over-assessed vs. comparables

826 Legacy Dr , Plano, Tx 75023

Plano, 75023 · Collin County, Texas · commercial property · 2,922 sq ft · Texas Tax Code §42.26

$2,724estimated 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$1,200,000
What the comparable appraisals support$1,076,197
Estimated over-assessment$123,803 · 10.3%
Comparable basis$368/SF
Estimated tax saved / year$2,724

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
$230$2262,478 SF1987
$296$2983,120 SF1987
$339$3382,800 SF1987
$345$3523,040 SF1990
$362$3613,120 SF1985
$372$3762,928 SF1989
$451$4533,070 SF1987
$458$4663,000 SF1990

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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