Possible over-assessment

2346 Thomas St

Hollywood, 33020 · Broward County, Florida · industrial property · 6,032 sq ft · Fla. Stat. s.193.011(8)

$1,067estimated 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$1,323,560
What the comparable sales support$1,271,491
Estimated over-assessment$52,069 · 3.9%
Comparable basis$234/SF
Estimated tax saved / year$1,067

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
$189$1946,360 SF1977
$193$1997,500 SF1974
$206$2086,780 SF1972
$227$2276,599 SF1971
$236$2314,982 SF1972
$236$2386,800 SF1972
$235$2426,068 SF1979
$263$2585,331 SF1972

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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