Over-assessed vs. comparables

523 S Macdill Ave

Tampa, 33609 · Hillsborough County, Florida · commercial property · 1,312 sq ft · Fla. Stat. s.193.011(8)

$2,057estimated 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$411,000
What the comparable sales support$304,423
Estimated over-assessment$106,577 · 25.9%
Comparable basis$273/SF
Estimated tax saved / year$2,057

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
$196$2021,532 SF1959
$234$2301,068 SF1956
$241$2481,620 SF1957
$254$2551,182 SF1959
$271$2711,290 SF1956
$276$2751,447 SF1953
$280$2881,500 SF1959
$290$2971,553 SF1957

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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