Over-assessed vs. comparables

4705 N Armenia Ave

Tampa, 33603 · Hillsborough County, Florida · commercial property · 12,767 sq ft · Fla. Stat. s.193.011(8)

$21,060estimated 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$2,899,600
What the comparable sales support$1,808,422
Estimated over-assessment$1,091,178 · 37.6%
Comparable basis$167/SF
Estimated tax saved / year$21,060

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
$87$8210,395 SF1957
$98$989,230 SF1971
$131$13714,158 SF1973
$140$14215,269 SF1964
$152$15915,175 SF1971
$169$17412,443 SF1972
$197$20812,212 SF1978
$264$2577,242 SF1968

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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