Over-assessed vs. comparables

4325 W Hillsborough Ave

Tampa, 33614 · Hillsborough County, Florida · commercial property · 3,150 sq ft · Fla. Stat. s.193.011(8)

$8,383estimated 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$1,113,000
What the comparable sales support$678,631
Estimated over-assessment$434,369 · 39.0%
Comparable basis$253/SF
Estimated tax saved / year$8,383

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
$191$1923,004 SF2005
$199$2023,187 SF2006
$213$2103,190 SF2000
$246$2483,014 SF2005
$252$2523,014 SF2004
$258$2552,775 SF2003
$301$3023,036 SF2005
$456$4573,071 SF2004

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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