Over-assessed vs. comparables

2850 NE 7 Ave

Pompano Beach, 33064 · Broward County, Florida · industrial property · 2,400 sq ft · Fla. Stat. s.193.011(8)

$1,248estimated 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$566,130
What the comparable sales support$505,271
Estimated over-assessment$60,859 · 10.8%
Comparable basis$234/SF
Estimated tax saved / year$1,248

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$1872,639 SF1967
$197$2032,412 SF1978
$225$2172,510 SF1964
$228$2231,756 SF1973
$222$2262,700 SF1973
$250$2422,200 SF1967
$280$2692,500 SF1963
$275$2762,400 SF1973

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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