Over-assessed vs. comparables

2223 Pembroke Rd

Hollywood, 33020 · Broward County, Florida · commercial property · 10,504 sq ft · Fla. Stat. s.193.011(8)

$7,049estimated 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$2,819,990
What the comparable sales support$2,476,140
Estimated over-assessment$343,850 · 12.2%
Comparable basis$262/SF
Estimated tax saved / year$7,049

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
$132$13210,612 SF1954
$145$1448,264 SF1956
$153$15710,996 SF1959
$169$1688,895 SF1956
$236$24711,636 SF1961
$264$27713,459 SF1958
$377$3899,150 SF1963
$471$4617,912 SF1955

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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