Over-assessed vs. comparables

1 SW 129 Ave

Pembroke Pines, 33027 · Broward County, Florida · commercial property · 650 sq ft · Fla. Stat. s.193.011(8)

$1,417estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Broward public rollFlorida
Current assessment$276,490
What the comparable sales support$207,389
Estimated over-assessment$69,101 · 25.0%
Comparable basis$355/SF
Estimated tax saved / year$1,417

Straight from the public Florida roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable sales behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public sale figures matter.

Comparable sale $/SFAdjusted $/SFSizeBuilt
$314$294574 SF1980
$283$304707 SF2003
$362$330553 SF1975
$377$343530 SF1975
$384$366860 SF1975
$455$444770 SF1982
$478$510625 SF2004
$490$514490 SF2005

Why this is the lever

Fla. Stat. s.193.011(8)

Under s.193.011(8), Just Value must be net of the usual and reasonable costs of sale (customarily ~15%). Where an assessment meets or exceeds the gross price comparable properties actually sold for, it cannot reflect net-of-cost just value, and the Value Adjustment Board can reduce it.

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