Over-assessed vs. comparables

4100 E 7th Ave

Tampa, 33605 · Hillsborough County, Florida · industrial property · 12,508 sq ft · Fla. Stat. s.193.011(8)

$13,369estimated 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$2,364,200
What the comparable sales support$1,671,527
Estimated over-assessment$692,673 · 29.3%
Comparable basis$157/SF
Estimated tax saved / year$13,369

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$1056,499 SF1956
$113$12116,320 SF1966
$118$12715,637 SF1969
$145$14511,352 SF1961
$154$1518,752 SF1961
$164$1638,222 SF1965
$161$16417,076 SF1955
$183$18918,589 SF1955

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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