Over-assessed vs. comparables

1613 N Marion St

Tampa, 33602 · Hillsborough County, Florida · commercial property · 5,781 sq ft · Fla. Stat. s.193.011(8)

$8,691estimated 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$1,464,000
What the comparable sales support$1,013,671
Estimated over-assessment$450,329 · 30.8%
Comparable basis$206/SF
Estimated tax saved / year$8,691

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
$119$1164,812 SF1956
$156$1524,303 SF1959
$156$1575,770 SF1959
$179$1745,028 SF1955
$203$1995,424 SF1955
$223$2144,037 SF1956
$256$2533,908 SF1962
$261$2544,208 SF1958

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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