Over-assessed vs. comparables

1409 SE 1 Ave

Fort Lauderdale, 33316 · Broward County, Florida · commercial property · 1,513 sq ft · Fla. Stat. s.193.011(8)

$7,072estimated 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$997,320
What the comparable sales support$652,355
Estimated over-assessment$344,965 · 34.6%
Comparable basis$479/SF
Estimated tax saved / year$7,072

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
$321$3381,573 SF1960
$360$3741,387 SF1959
$439$4221,002 SF1949
$407$4241,475 SF1959
$459$4631,493 SF1952
$493$4951,370 SF1953
$482$4971,526 SF1956
$527$5101,091 SF1949

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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