Over-assessed vs. comparables

201 N Ocean Dr

Hollywood, 33019 · Broward County, Florida · commercial property · 6,331 sq ft · Fla. Stat. s.193.011(8)

$4,858estimated 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$1,879,570
What the comparable sales support$1,642,579
Estimated over-assessment$236,991 · 12.6%
Comparable basis$288/SF
Estimated tax saved / year$4,858

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
$165$1646,816 SF1979
$205$2025,865 SF1981
$258$2676,315 SF1989
$272$2777,346 SF1982
$277$2826,018 SF1987
$301$2945,474 SF1980
$379$3735,535 SF1981
$448$4475,879 SF1983

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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