Possible over-assessment

400 N Rome Ave

Tampa, 33606 · Hillsborough County, Florida · multifamily property · 334,783 sq ft · Fla. Stat. s.193.011(8)

$35,579estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Hillsborough public rollFlorida
Current assessment$64,861,400
What the comparable sales support$63,017,938
Estimated over-assessment$1,843,462 · 2.8%
Comparable basis$221/SF
Estimated tax saved / year$35,579

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
$176$168338,897 SF2008
$183$184416,043 SF2013
$185$184358,488 SF2015
$186$190446,624 SF2015
$222$213201,678 SF2017
$230$229265,560 SF2021
$233$231218,011 SF2022
$234$243351,832 SF2023

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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