Over-assessed vs. comparables

1475 N University Dr

Coral Springs, 33071 · Broward County, Florida · commercial property · 2,677 sq ft · Fla. Stat. s.193.011(8)

$6,839estimated 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$1,268,260
What the comparable sales support$934,650
Estimated over-assessment$333,610 · 26.3%
Comparable basis$388/SF
Estimated tax saved / year$6,839

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
$248$2512,626 SF2007
$261$2622,512 SF2006
$324$3292,842 SF2006
$347$3532,842 SF2006
$351$3543,133 SF2002
$421$4222,611 SF2005
$483$4782,276 SF2005
$765$7592,450 SF2004

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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