Possible over-assessment

5236 N Florida Ave

Tampa, 33603 · Hillsborough County, Florida · multifamily property · 77,702 sq ft · Fla. Stat. s.193.011(8)

$47,035estimated 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$11,164,100
What the comparable sales support$8,727,028
Estimated over-assessment$2,437,072 · 21.8%
Comparable basis$132/SF
Estimated tax saved / year$47,035

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$9196,343 SF1972
$134$10746,464 SF1985
$133$114123,166 SF1981
$148$12161,358 SF1986
$168$12914,856 SF1986
$156$13526,208 SF2004
$148$14369,703 SF2015
$268$21451,212 SF1985

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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