Over-assessed vs. comparables

2822-2824 E Commercial Blvd

Fort Lauderdale, 33308 · Broward County, Florida · commercial property · 2,508 sq ft · Fla. Stat. s.193.011(8)

$2,992estimated 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$999,030
What the comparable sales support$853,066
Estimated over-assessment$145,964 · 14.6%
Comparable basis$378/SF
Estimated tax saved / year$2,992

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
$321$3112,260 SF1962
$325$3172,154 SF1964
$325$3272,310 SF1969
$325$3302,432 SF1970
$339$3362,658 SF1963
$426$4202,171 SF1966
$417$4272,477 SF1971
$487$4822,404 SF1965

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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