Over-assessed vs. comparables

2130 SW 56 Ter

West Park, 33023 · Broward County, Florida · industrial property · 3,626 sq ft · Fla. Stat. s.193.011(8)

$4,376estimated 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$1,035,710
What the comparable sales support$822,253
Estimated over-assessment$213,457 · 20.6%
Comparable basis$252/SF
Estimated tax saved / year$4,376

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
$166$1653,130 SF1964
$211$2063,200 SF1961
$226$2283,432 SF1966
$228$2304,165 SF1962
$231$2313,780 SF1962
$269$2733,900 SF1964
$277$2743,118 SF1963
$299$2993,430 SF1964

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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