Possible over-assessment

225 S State Road 7

Margate, 33068 · Broward County, Florida · commercial property · 835 sq ft · Fla. Stat. s.193.011(8)

$4,619estimated 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$427,650
What the comparable sales support$202,320
Estimated over-assessment$225,330 · 52.7%
Comparable basis$269/SF
Estimated tax saved / year$4,619

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
$222$213643 SF1988
$221$217836 SF1988
$235$225639 SF1988
$242$231639 SF1988
$259$248643 SF1988
$303$290643 SF1988
$350$335643 SF1988
$402$400934 SF1989

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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