Over-assessed vs. comparables

2003 E Waters Ave

Tampa, 33604 · Hillsborough County, Florida · commercial property · 1,288 sq ft · Fla. Stat. s.193.011(8)

$3,481estimated 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$508,600
What the comparable sales support$328,258
Estimated over-assessment$180,342 · 35.5%
Comparable basis$300/SF
Estimated tax saved / year$3,481

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
$130$1371,544 SF1970
$254$2471,182 SF1959
$290$2761,000 SF1958
$279$2821,362 SF1964
$281$2871,251 SF1968
$315$3131,152 SF1964
$313$3191,276 SF1967
$342$3451,462 SF1962

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 2003 E Waters Ave and tell you, with no obligation, whether it's worth filing. A licensed Florida agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Hillsborough County

Other Hillsborough County properties over the line