Possible over-assessment

10755 Pembroke Rd

Pembroke Pines, 33025 · Broward County, Florida · industrial property · 87,486 sq ft · Fla. Stat. s.193.011(8)

$10,921estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Broward public rollFlorida
Current assessment$13,839,590
What the comparable sales support$13,306,845
Estimated over-assessment$532,745 · 3.9%
Comparable basis$169/SF
Estimated tax saved / year$10,921

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
$134$13058,492 SF1998
$155$14280,834 SF1982
$164$14845,813 SF1987
$174$15949,215 SF1988
$167$16147,767 SF1998
$192$17761,325 SF1987
$221$22793,873 SF2001
$248$23472,919 SF1989

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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