Over-assessed vs. comparables

1916 SW 11 St

Fort Lauderdale, 33312 · Broward County, Florida · multifamily property · 16,911 sq ft · Fla. Stat. s.193.011(8)

$12,166estimated 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$4,677,850
What the comparable sales support$4,084,386
Estimated over-assessment$593,464 · 12.7%
Comparable basis$268/SF
Estimated tax saved / year$12,166

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
$214$21014,928 SF1965
$210$21520,877 SF1967
$229$2199,622 SF1967
$253$25013,827 SF1968
$262$25711,527 SF1969
$281$28012,279 SF1972
$283$28212,018 SF1972
$287$28212,802 SF1968

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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