Over-assessed vs. comparables

2807 James L Redman Pkwy

Plant City, 33566 · Hillsborough County, Florida · commercial property · 3,341 sq ft · Fla. Stat. s.193.011(8)

$5,886estimated 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$1,173,100
What the comparable sales support$868,106
Estimated over-assessment$304,994 · 26.0%
Comparable basis$306/SF
Estimated tax saved / year$5,886

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
$191$1893,004 SF2005
$199$1993,187 SF2006
$246$2443,014 SF2005
$250$2523,556 SF2005
$301$2983,036 SF2005
$305$3144,260 SF2005
$341$3423,447 SF2005
$395$4003,294 SF2008

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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