Over-assessed vs. comparables

421 S Macdill Ave

Tampa, 33609 · Hillsborough County, Florida · commercial property · 1,380 sq ft · Fla. Stat. s.193.011(8)

$4,325estimated 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$565,000
What the comparable sales support$340,894
Estimated over-assessment$224,106 · 39.7%
Comparable basis$291/SF
Estimated tax saved / year$4,325

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
$98$981,531 SF1951
$190$1921,580 SF1953
$271$2721,290 SF1956
$274$2761,568 SF1953
$276$2761,447 SF1953
$301$3051,496 SF1955
$331$3261,438 SF1950
$392$3851,418 SF1950

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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