Over-assessed vs. comparables

1701 NW 31 Ave

Lauderhill, 33311 · Broward County, Florida · industrial property · 1,904 sq ft · Fla. Stat. s.193.011(8)

$2,542estimated 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$659,860
What the comparable sales support$535,847
Estimated over-assessment$124,013 · 18.8%
Comparable basis$313/SF
Estimated tax saved / year$2,542

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
$204$2051,964 SF1958
$232$2392,584 SF1956
$235$2442,512 SF1958
$242$2501,652 SF1966
$318$3071,169 SF1958
$306$3182,208 SF1962
$310$3202,500 SF1957
$342$3371,536 SF1958

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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