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Magistrate to rule after competing appraisals for Brooksville office building
Summary
At a Jan. 22 Hernando County VAB hearing, petitioner Jeff Ewing presented a reconciled valuation of $1,009,763 for a Brooksville office building; the property appraiser defended a higher county value and said mass-appraisal methods and countywide comps informed the office figure. The magistrate closed the record and will issue a written determination.
A special magistrate heard competing valuations for an office building at 242 Howell Avenue in Brooksville during the Jan. 22 Hernando County Value Adjustment Board session.
Jeff Ewing of iText Tax Appeals, representing owners Jody and Carla Damron, presented the petitioner’s evidence packet and described the property as a single-tenant professional office (effective year 1995, leasable 5,852 sq. ft., gross 6,148 sq. ft.). Ewing said he used sales and cost approaches and "after a 15% cost of sale came to a value of…
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