Petitioners argue functional and economic obsolescence sharply reduce assessed value of Oak Hill Hospital; appraiser cites Marshall & Swift and permit history

Colleen Millett, special magistrate, presided over petition number 25-018 on Friday, a hearing in which petitioners Tim Hart and expert witness Craig Smith challenged the Hernando County Property Appraiser's 2025 assessment for Oak Hill Hospital (11375 Cortez Boulevard, Brooksville).

The property appraiser's packet described the subject as a private hospital complex owned by HCA Health Services of Florida Inc., with roughly 460,042 square feet under roof on approximately 96 acres. Appraiser materials noted Marshall & Swift cost calculations and reported a depreciated improvement value and land total that produced a pre-adjustment valuation (the packet showed a final figure of about $123,240,328 before a 15% cost-of-sale adjustment and an indicated figure of $104,754,278). The packet also…