Over-assessed vs. comparables

113 SW 11 Ct

Fort Lauderdale, 33315 · Broward County, Florida · commercial property · 3,882 sq ft · Fla. Stat. s.193.011(8)

$6,310estimated 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$1,395,080
What the comparable sales support$1,087,271
Estimated over-assessment$307,809 · 22.1%
Comparable basis$311/SF
Estimated tax saved / year$6,310

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
$172$1743,484 SF1990
$228$2273,540 SF1987
$241$2383,316 SF1986
$277$2763,616 SF1987
$293$2883,072 SF1987
$342$3343,220 SF1985
$345$3394,060 SF1982
$402$3983,323 SF1987

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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