Over-assessed vs. comparables

2301 SW 12 Ave

Fort Lauderdale, 33316 · Broward County, Florida · commercial property · 54,540 sq ft · Fla. Stat. s.193.011(8)

$55,429estimated 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$13,608,610
What the comparable sales support$10,904,777
Estimated over-assessment$2,703,833 · 19.9%
Comparable basis$222/SF
Estimated tax saved / year$55,429

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
$107$9747,285 SF1987
$123$11032,579 SF1989
$180$17135,674 SF1999
$225$21881,188 SF1987
$199$22277,990 SF2016
$247$24866,481 SF1999
$259$25150,111 SF1997
$292$27037,703 SF1993

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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