This broker price opinion support report addresses the equity (uniform-and-equal) position of the subject property located at 8223 Benthaven Pl, McKinney, TX 75071. Based on a review of comparable assessments, the evidence supports a reduction in the assessed value to a ceiling of $859,816, representing an indicated reduction of $4,565 from the current assessment. The analysis demonstrates that the subject property is assessed at a rate inconsistent with similarly situated properties in the same market area.
Three comparable properties were identified and analyzed for this equity study. The comparable assessments reflect a per-square-foot range of $245.00 to $252.00, with a median assessed value of $248.00 per square foot. The subject property carries an assessed rate of $249.32 per square foot. The supported ceiling value of $859,816 is derived from the relationship between the subject's assessment and those of the selected comparables. Of the evidence reviewed, 67% supports the concluded value position, while 33% was disclosed through available records. Note that Texas is a non-disclosure state; accordingly, no sale prices are referenced or relied upon in this analysis.
| Parcel | SF | Assessed | $/SF | Match |
|---|---|---|---|---|
| 8015 Wine Barrel Ln Broker-supplied; condition, updates, and features are not verified by ValuBrief. | 3,500 | $882,000 | $252.0 | 97 |
| 13290 Crestmoor Dr Broker-supplied; condition, updates, and features are not verified by ValuBrief. | 3,400 | $843,200 | $248.0 | 94 |
| 13329 Rembrandt Dr Broker-supplied; condition, updates, and features are not verified by ValuBrief. | 3,550 | $869,750 | $245.0 | 92 |
Illustrative example only — figures are sample data, not a live valuation.
The comparables selected share relevant physical and locational characteristics with the subject property, providing a reasonable basis for the equity argument. The subject's assessed rate of $249.32 per square foot exceeds the median comparable rate of $248.00 per square foot, which, while a modest differential, is sufficient to support the indicated reduction of $4,565 and a ceiling assessment of $859,816. The reviewing broker should confirm that the comparable properties remain appropriate in light of any market or assessment-year changes not reflected in the data provided, and that all figures are consistent with applicable appraisal district records prior to signing.