Possible over-assessment

2201 SW 58 Ter

West Park, 33023 · Broward County, Florida · industrial property · 532 sq ft · Fla. Stat. s.193.011(8)

$5,945estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Broward public rollFlorida
Current assessment$479,550
What the comparable sales support$189,531
Estimated over-assessment$290,019 · 60.5%
Comparable basis$396/SF
Estimated tax saved / year$5,945

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
$229$253678 SF1974
$232$256668 SF1974
$274$293547 SF1972
$388$390425 SF1964
$394$396425 SF1964
$400$400400 SF1964
$419$419400 SF1964
$425$425400 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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