Over-assessed vs. comparables

2501 Palm Ave

Miramar, 33025 · Broward County, Florida · commercial property · 669 sq ft · Fla. Stat. s.193.011(8)

$688estimated 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$304,120
What the comparable sales support$270,564
Estimated over-assessment$33,556 · 11.0%
Comparable basis$449/SF
Estimated tax saved / year$688

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
$248$237700 SF2007
$260$242574 SF2006
$283$265707 SF2003
$345$333789 SF2007
$478$444625 SF2004
$457$454635 SF2017
$478$476649 SF2017
$492$492599 SF2019

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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