Over-assessed vs. comparables

1301 S Collins St

Plant City, 33563 · Hillsborough County, Florida · commercial property · 807 sq ft · Fla. Stat. s.193.011(8)

$1,081estimated 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

Hillsborough public rollFlorida
Current assessment$337,000
What the comparable sales support$280,964
Estimated over-assessment$56,036 · 16.6%
Comparable basis$410/SF
Estimated tax saved / year$1,081

Straight from the public Florida 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 sales 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 sale figures matter.

Comparable sale $/SFAdjusted $/SFSizeBuilt
$92$971,087 SF1968
$290$2871,000 SF1958
$315$3261,152 SF1964
$379$368832 SF1959
$406$389843 SF1956
$438$430552 SF1968
$554$518849 SF1951
$599$625711 SF1976

Why this is the lever

Fla. Stat. s.193.011(8)

Under s.193.011(8), Just Value must be net of the usual and reasonable costs of sale (customarily ~15%). Where an assessment meets or exceeds the gross price comparable properties actually sold for, it cannot reflect net-of-cost just value, and the Value Adjustment Board can reduce it.

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