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Petitioner contests Hernando County appraisal for Spring Hill Lamson Avenue office, argues comparables are outliers
Summary
Property owner Deborah Paracone and her representative challenged the Hernando County Property Appraiser's valuation for a Lamson Avenue office strip, saying the appraiser's sale comparables are not truly comparable; the magistrate will review evidence and issue a recommendation to the Value Adjustment Board.
Colleen Millett, special magistrate, heard testimony Friday in Hernando County on petition number 25-002, in which Deborah Paracone and her representative, John J. Franklin Jr., challenged the property appraiser's valuation of a commercial building on Lamson Avenue in Spring Hill.
The petitioner argued the appraiser's sales-comparison evidence was unreliable. "None of these are actual comparables," John J. Franklin Jr. said during his presentation, describing differences in use, interior build-outs and recent sale conditions for the comparables the appraiser used. Deborah Paracone said she had been offered about $850,000 for the property in…
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