Over-assessed vs. comparables

1518 N Dale Mabry Hwy

Tampa, 33607 · Hillsborough County, Florida · commercial property · 37,022 sq ft · Fla. Stat. s.193.011(8)

$27,829estimated 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$8,491,000
What the comparable sales support$7,049,064
Estimated over-assessment$1,441,936 · 17.0%
Comparable basis$224/SF
Estimated tax saved / year$27,829

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
$100$9837,964 SF2000
$139$14445,214 SF2008
$188$18426,650 SF2007
$192$19950,294 SF2005
$206$20545,316 SF1999
$252$24345,642 SF1994
$262$25726,750 SF2007
$344$32230,564 SF1996

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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