Possible over-assessment

600 S Magnolia Ave

Tampa, 33606 · Hillsborough County, Florida · commercial property · 23,806 sq ft · Fla. Stat. s.193.011(8)

$24,502estimated 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$4,349,900
What the comparable sales support$3,080,392
Estimated over-assessment$1,269,508 · 29.2%
Comparable basis$152/SF
Estimated tax saved / year$24,502

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
$52$5010,510 SF1927
$88$803,334 SF1923
$116$11315,524 SF1926
$119$12517,823 SF1940
$146$13312,331 SF1915
$189$1724,447 SF1922
$231$20425,361 SF1900
$377$3436,424 SF1920

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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