Possible over-assessment

1500 N University Dr

Coral Springs, 33071 · Broward County, Florida · commercial property · 704 sq ft · Fla. Stat. s.193.011(8)

$2,575estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Broward public rollFlorida
Current assessment$253,830
What the comparable sales support$128,199
Estimated over-assessment$125,631 · 49.5%
Comparable basis$202/SF
Estimated tax saved / year$2,575

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
$69$65757 SF1972
$138$131725 SF1972
$156$148757 SF1972
$161$152725 SF1972
$163$154725 SF1972
$261$250727 SF1974
$314$303574 SF1980
$362$340553 SF1975

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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