Over-assessed vs. comparables

2000 NW 22 St

Fort Lauderdale, 33311 · Broward County, Florida · industrial property · 2,765 sq ft · Fla. Stat. s.193.011(8)

$7,216estimated 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$977,060
What the comparable sales support$625,071
Estimated over-assessment$351,989 · 36.0%
Comparable basis$251/SF
Estimated tax saved / year$7,216

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
$200$1992,697 SF1958
$211$2163,200 SF1961
$232$2272,584 SF1956
$235$2322,512 SF1958
$238$2452,731 SF1965
$254$2582,555 SF1963
$276$2802,717 SF1962
$280$2832,500 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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