Over-assessed vs. comparables

22 NE 22 Ave

Pompano Beach, 33062 · Broward County, Florida · commercial property · 14,763 sq ft · Fla. Stat. s.193.011(8)

$22,442estimated 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$4,176,710
What the comparable sales support$3,081,988
Estimated over-assessment$1,094,722 · 26.2%
Comparable basis$232/SF
Estimated tax saved / year$22,442

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
$149$14513,450 SF1977
$198$19115,140 SF1972
$191$20015,021 SF1989
$206$20517,256 SF1976
$223$22116,126 SF1976
$253$24310,371 SF1978
$277$26714,080 SF1974
$294$28013,200 SF1973

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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