Possible over-assessment

2741 N Federal Hwy

Pompano Beach, 33064 · Broward County, Florida · commercial property · 56,425 sq ft · Fla. Stat. s.193.011(8)

$194,275estimated 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$18,706,230
What the comparable sales support$9,229,410
Estimated over-assessment$9,476,820 · 50.7%
Comparable basis$182/SF
Estimated tax saved / year$194,275

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
$113$10933,675 SF1976
$107$11247,285 SF1987
$118$12246,454 SF1984
$162$17078,734 SF1976
$166$17763,202 SF1985
$197$18628,804 SF1973
$192$19139,640 SF1979
$233$24039,704 SF1986

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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