Over-assessed vs. comparables

1230 NW 40 Ave

Lauderhill, 33311 · Broward County, Florida · commercial property · 5,925 sq ft · Fla. Stat. s.193.011(8)

$3,046estimated 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$1,325,590
What the comparable sales support$1,176,996
Estimated over-assessment$148,594 · 11.2%
Comparable basis$221/SF
Estimated tax saved / year$3,046

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
$133$1347,140 SF1965
$173$1685,378 SF1963
$208$2014,816 SF1964
$210$2136,432 SF1968
$230$2215,663 SF1960
$215$2215,818 SF1973
$237$2304,850 SF1965
$242$2495,987 SF1972

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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