Over-assessed vs. comparables

1304 Channelside Dr

Tampa, 33602 · Hillsborough County, Florida · industrial property · 5,951 sq ft · Fla. Stat. s.193.011(8)

$6,254estimated 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$1,145,100
What the comparable sales support$821,063
Estimated over-assessment$324,037 · 28.3%
Comparable basis$162/SF
Estimated tax saved / year$6,254

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
$101$965,420 SF1950
$110$1073,715 SF1961
$112$1116,499 SF1956
$115$1257,440 SF1972
$154$1628,752 SF1961
$164$1758,222 SF1965
$191$2067,055 SF1971
$221$2283,477 SF1975

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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