Over-assessed vs. comparables

1501 SE 20 St

Fort Lauderdale, 33316 · Broward County, Florida · industrial property · 13,185 sq ft · Fla. Stat. s.193.011(8)

$27,474estimated 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$3,772,370
What the comparable sales support$2,432,195
Estimated over-assessment$1,340,175 · 35.5%
Comparable basis$205/SF
Estimated tax saved / year$27,474

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
$193$1879,315 SF1965
$188$18914,607 SF1964
$199$19112,070 SF1959
$202$19614,095 SF1958
$208$20210,113 SF1964
$215$20811,059 SF1962
$253$24710,175 SF1965
$264$26813,920 SF1967

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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