Over-assessed vs. comparables

1525-1529 E Las Olas Blvd

Fort Lauderdale, 33301 · Broward County, Florida · commercial property · 4,474 sq ft · Fla. Stat. s.193.011(8)

$12,408estimated 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$2,004,420
What the comparable sales support$1,399,155
Estimated over-assessment$605,265 · 30.2%
Comparable basis$347/SF
Estimated tax saved / year$12,408

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
$208$2074,816 SF1964
$237$2384,850 SF1965
$241$2484,560 SF1971
$344$3354,139 SF1962
$357$3473,777 SF1963
$338$3485,179 SF1969
$364$3554,735 SF1960
$378$3724,288 SF1964

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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