Over-assessed vs. comparables

3234 S Miller Rd

Valrico, 33596 · Hillsborough County, Florida · commercial property · 4,956 sq ft · Fla. Stat. s.193.011(8)

$6,009estimated 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$1,706,600
What the comparable sales support$1,395,247
Estimated over-assessment$311,353 · 18.2%
Comparable basis$331/SF
Estimated tax saved / year$6,009

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
$142$1486,676 SF2003
$147$1505,619 SF2003
$171$1787,008 SF2001
$265$2594,520 SF1998
$318$3265,039 SF2006
$328$3365,438 SF2004
$339$3455,315 SF2003
$366$3715,456 SF2002

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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