Over-assessed vs. comparables

4720 W Cypress St

Tampa, 33607 · Hillsborough County, Florida · commercial property · 9,522 sq ft · Fla. Stat. s.193.011(8)

$25,088estimated 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$3,549,800
What the comparable sales support$2,249,901
Estimated over-assessment$1,299,899 · 36.6%
Comparable basis$278/SF
Estimated tax saved / year$25,088

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$8310,395 SF1957
$98$1009,230 SF1971
$175$1726,756 SF1968
$224$2247,375 SF1971
$264$2617,242 SF1968
$299$2957,822 SF1967
$301$30310,303 SF1966
$296$3048,818 SF1973

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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