Over-assessed vs. comparables

11795 Pines Blvd

Pembroke Pines, 33026 · Broward County, Florida · commercial property · 5,575 sq ft · Fla. Stat. s.193.011(8)

$16,489estimated 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$2,640,670
What the comparable sales support$1,836,338
Estimated over-assessment$804,332 · 30.5%
Comparable basis$366/SF
Estimated tax saved / year$16,489

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
$223$2164,716 SF1991
$243$2355,355 SF1988
$258$2556,315 SF1989
$277$2696,018 SF1987
$349$3575,438 SF1999
$390$3755,643 SF1986
$397$3895,288 SF1991
$389$3945,016 SF1999

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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