Over-assessed vs. comparables

2019-2023 Wilson St

Hollywood, 33020 · Broward County, Florida · industrial property · 9,600 sq ft · Fla. Stat. s.193.011(8)

$6,338estimated 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$2,119,500
What the comparable sales support$1,810,334
Estimated over-assessment$309,166 · 14.6%
Comparable basis$210/SF
Estimated tax saved / year$6,338

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
$176$1748,931 SF1971
$193$1859,315 SF1965
$190$19010,000 SF1971
$195$19810,243 SF1973
$195$19911,298 SF1973
$214$2209,810 SF1977
$239$2318,802 SF1967
$228$23410,080 SF1976

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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