Over-assessed vs. comparables

1059 NE 46 Ct

Oakland Park, 33334 · Broward County, Florida · industrial property · 2,055 sq ft · Fla. Stat. s.193.011(8)

$1,364estimated 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$663,870
What the comparable sales support$597,350
Estimated over-assessment$66,520 · 10.0%
Comparable basis$323/SF
Estimated tax saved / year$1,364

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
$250$2471,957 SF2003
$249$2472,067 SF2003
$249$2472,067 SF2003
$282$2822,055 SF2005
$316$3171,930 SF2007
$333$3291,800 SF2005
$333$3291,800 SF2005
$358$3541,800 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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