Over-assessed vs. comparables

5550 Executive Dr Ste 240

Tampa, 33609 · Hillsborough County, Florida · commercial property · 3,361 sq ft · Fla. Stat. s.193.011(8)

$5,506estimated 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$1,042,800
What the comparable sales support$757,495
Estimated over-assessment$285,305 · 27.4%
Comparable basis$265/SF
Estimated tax saved / year$5,506

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
$199$1973,187 SF2006
$231$2293,030 SF2007
$239$2362,930 SF2007
$245$2432,996 SF2007
$250$2493,556 SF2005
$285$2813,032 SF2006
$341$3383,447 SF2005
$364$3623,024 SF2008

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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