Over-assessed vs. comparables

208 SW 2 St

Fort Lauderdale, 33301 · Broward County, Florida · commercial property · 2,789 sq ft · Fla. Stat. s.193.011(8)

$8,308estimated 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$1,210,650
What the comparable sales support$805,379
Estimated over-assessment$405,271 · 33.5%
Comparable basis$321/SF
Estimated tax saved / year$8,308

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
$227$2382,971 SF1957
$259$2582,125 SF1953
$293$2992,973 SF1952
$299$3102,842 SF1956
$305$3153,264 SF1952
$329$3262,191 SF1952
$324$3282,408 SF1954
$426$4352,639 SF1954

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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