Possible over-assessment

502 E Tyler St

Tampa, 33602 · Hillsborough County, Florida · commercial property · 3,226 sq ft · Fla. Stat. s.193.011(8)

$17,083estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Hillsborough public rollFlorida
Current assessment$1,408,100
What the comparable sales support$522,985
Estimated over-assessment$885,115 · 62.9%
Comparable basis$191/SF
Estimated tax saved / year$17,083

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
$117$1213,409 SF1957
$128$1272,890 SF1952
$129$1313,026 SF1957
$163$1603,062 SF1949
$172$1773,212 SF1958
$202$2053,222 SF1955
$264$2593,413 SF1947
$407$4002,690 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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