Over-assessed vs. comparables

1000 S Andrews Ave

Fort Lauderdale, 33316 · Broward County, Florida · commercial property · 2,532 sq ft · Fla. Stat. s.193.011(8)

$2,897estimated 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$950,270
What the comparable sales support$808,932
Estimated over-assessment$141,338 · 14.9%
Comparable basis$355/SF
Estimated tax saved / year$2,897

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
$239$2372,410 SF1959
$288$2822,361 SF1956
$281$2862,719 SF1961
$311$3092,491 SF1958
$319$3162,496 SF1958
$397$3942,206 SF1960
$425$4322,939 SF1959
$470$4702,531 SF1959

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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