Over-assessed vs. comparables

2301 W Dr Martin Luther King Jr Blvd

Tampa, 33603 · Hillsborough County, Florida · commercial property · 8,207 sq ft · Fla. Stat. s.193.011(8)

$7,013estimated 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$2,399,700
What the comparable sales support$2,036,320
Estimated over-assessment$363,380 · 15.1%
Comparable basis$292/SF
Estimated tax saved / year$7,013

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
$112$1108,188 SF2011
$194$1969,080 SF2015
$199$2018,323 SF2017
$276$2696,515 SF2014
$289$2797,259 SF2010
$326$3057,822 SF2003
$318$3147,134 SF2015
$455$4436,600 SF2014

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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