Over-assessed vs. comparables

3301 W Gandy Blvd

Tampa, 33611 · Hillsborough County, Florida · commercial property · 4,764 sq ft · Fla. Stat. s.193.011(8)

$7,315estimated 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$1,333,300
What the comparable sales support$954,265
Estimated over-assessment$379,035 · 28.4%
Comparable basis$236/SF
Estimated tax saved / year$7,315

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
$88$863,334 SF1923
$144$1382,753 SF1923
$189$1874,447 SF1922
$192$1895,726 SF1916
$211$2224,257 SF1935
$256$2502,827 SF1926
$340$3414,112 SF1926
$377$3856,424 SF1920

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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