Over-assessed vs. comparables

2967 Ravenswood Rd

Dania Beach, 33312 · Broward County, Florida · industrial property · 2,724 sq ft · Fla. Stat. s.193.011(8)

$4,646estimated 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$937,190
What the comparable sales support$710,574
Estimated over-assessment$226,616 · 24.2%
Comparable basis$290/SF
Estimated tax saved / year$4,646

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
$254$2583,076 SF2006
$254$2582,913 SF2007
$256$2602,893 SF2007
$277$2782,710 SF2006
$281$2862,991 SF2007
$288$2932,991 SF2007
$304$3092,946 SF2007
$322$3232,798 SF2005

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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