Over-assessed vs. comparables

17720 Pines Blvd

Pembroke Pines, 33029 · Broward County, Florida · commercial property · 35,960 sq ft · Fla. Stat. s.193.011(8)

$74,578estimated 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$10,009,450
What the comparable sales support$6,371,477
Estimated over-assessment$3,637,973 · 36.4%
Comparable basis$197/SF
Estimated tax saved / year$74,578

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
$107$10547,285 SF1987
$123$11732,579 SF1989
$150$15223,989 SF2006
$180$18135,674 SF1999
$198$18726,210 SF1991
$202$20724,215 SF2008
$233$22239,704 SF1986
$259$27050,111 SF1997

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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