Possible over-assessment

226-240 Basin Dr

Lauderdale By The Sea, 33308 · Broward County, Florida · commercial property · 3,539 sq ft · Fla. Stat. s.193.011(8)

$2,136estimated 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$1,560,330
What the comparable sales support$1,456,151
Estimated over-assessment$104,179 · 6.7%
Comparable basis$457/SF
Estimated tax saved / year$2,136

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
$218$2203,528 SF1959
$227$2242,971 SF1957
$268$2734,099 SF1957
$343$3443,500 SF1958
$350$3483,355 SF1957
$561$5663,295 SF1960
$590$5813,011 SF1957
$657$6573,879 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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