Over-assessed vs. comparables

1580 University Dr

Coral Springs, 33071 · Broward County, Florida · commercial property · 10,751 sq ft · Fla. Stat. s.193.011(8)

$15,646estimated 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$4,700,200
What the comparable sales support$3,936,962
Estimated over-assessment$763,238 · 16.2%
Comparable basis$407/SF
Estimated tax saved / year$15,646

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
$294$2819,817 SF2006
$315$31212,549 SF2008
$336$32110,714 SF2004
$367$34611,446 SF2000
$429$40311,151 SF2000
$414$41113,297 SF2007
$438$43912,620 SF2010
$455$47312,427 SF2018

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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