Over-assessed vs. comparables

1300 SE 1 St

Fort Lauderdale, 33301 · Broward County, Florida · multifamily property · 22,143 sq ft · Fla. Stat. s.193.011(8)

$43,290estimated 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$7,210,180
What the comparable sales support$5,098,478
Estimated over-assessment$2,111,702 · 29.3%
Comparable basis$256/SF
Estimated tax saved / year$43,290

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
$210$20420,877 SF1967
$213$21328,587 SF1966
$229$23322,942 SF1975
$253$23913,827 SF1968
$238$24326,876 SF1972
$281$26812,279 SF1972
$283$27012,018 SF1972
$278$28229,312 SF1969

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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