Over-assessed vs. comparables

2501 Palm Ave

Miramar, 33025 · Broward County, Florida · commercial property · 1,129 sq ft · Fla. Stat. s.193.011(8)

$1,485estimated 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$438,800
What the comparable sales support$366,359
Estimated over-assessment$72,441 · 16.5%
Comparable basis$361/SF
Estimated tax saved / year$1,485

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
$246$2321,120 SF2006
$268$2531,120 SF2006
$259$2581,090 SF2017
$292$2911,090 SF2017
$370$3511,107 SF2007
$393$3701,017 SF2007
$487$4871,129 SF2017
$625$6451,100 SF2024

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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