Over-assessed vs. comparables

1930 NE 4 St

Deerfield Beach, 33441 · Broward County, Florida · multifamily property · 6,610 sq ft · Fla. Stat. s.193.011(8)

$5,940estimated 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$2,289,690
What the comparable sales support$1,999,956
Estimated over-assessment$289,734 · 12.7%
Comparable basis$336/SF
Estimated tax saved / year$5,940

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
$211$2076,621 SF1960
$239$2466,197 SF1971
$287$2885,743 SF1967
$305$3167,381 SF1969
$313$3208,370 SF1963
$345$3536,012 SF1970
$352$3638,063 SF1966
$360$3647,631 SF1963

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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