Brookville Associates contests Hernando County assessments for two Brooksville parcels

A Jan. 30 hearing before Special Master Steven Ester brought Brookville Associates (represented by Flanagan Felton LLC) and the Hernando County Property Appraiser into dispute over assessments on two adjacent vacant parcels in Brooksville (petitions 27 and 28).

The property appraiser presented valuations of $1,755,540 for petition 27 (31.6 acres, including 5.6 acres listed as nonproductive) and $650,980 for petition 28 (9.6 acres). The petitioner asked the magistrate to reduce the combined assessment, presenting a sales-comparison analysis that used recent nearby vacant-land sales (average distance about 3.5 miles) and a uniformity analysis of county-assessed comparable parcels, arriving at a reconciled requested value of about $1,250,000 for the combined parcels.

Why it matters:…