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The subject property is located on a two lane
local arterial. After the taking, the three
remainder tracts will be located on a heavily
travelled two lane thoroughfare which will
ultimately be expanded to six lanes. This will
greatly improve access and exposure to the sites.
In our opinion, the change will act to enhance
the value of the subject properties. Various
conversations with the Hillsborough County
Planning Commission, Department of Development
and Review and Zoning Departments indicate that
higher intensive uses are probable, subject to
rezoning and site plan review. The highest and
best use before the taking, was considered to be
an agricultural use until the demand ripens for
additional residential uses in the area. The
highest and best use of the subject parcels after
the taking was considered to be a transitional
agricultural use to future residential and office
usage. Support for the value enhancement will be
measured in the following "Land Valuation-After"
section. Before the taking, the subject property
had an estimated market value of $13,000 per
gross acre. After the taking, the remainder
parcels have an overall estimated market value of
$36,111 per gross acre. This represents about a
$23,000 per gross acre value enhancement.
In our opinion, the proposed road project would
favorably impact a number of properties in the
immediate vicinity of the subject. For this
reason, these benefits have been classified as
general, which do not offset damages, if any.
Property Tax Value
Petitioner asserts that the assessed value of the
decedent's land for property tax purposes was $472,640 for
tax years 1988, 1989, and 1990. Petitioner argues that
this assessed value for property tax purposes is probative
of the value of the decedent's property in view of the fact
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