Over-assessed vs. comparables

4919 S Renellie Dr

Tampa, 33611 · Hillsborough County, Florida · commercial property · 3,092 sq ft · Fla. Stat. s.193.011(8)

$2,498estimated 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$783,300
What the comparable sales support$653,894
Estimated over-assessment$129,406 · 16.5%
Comparable basis$249/SF
Estimated tax saved / year$2,498

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
$49$493,377 SF1945
$128$1302,890 SF1952
$163$1643,062 SF1949
$235$2292,620 SF1946
$241$2332,660 SF1944
$264$2653,413 SF1947
$302$2942,402 SF1947
$407$4102,690 SF1952

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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