Possible over-assessment

2980 Simms St

Hollywood, 33020 · Broward County, Florida · industrial property · 9,639 sq ft · Fla. Stat. s.193.011(8)

$4,311estimated 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$2,185,900
What the comparable sales support$1,975,618
Estimated over-assessment$210,282 · 9.6%
Comparable basis$228/SF
Estimated tax saved / year$4,311

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
$190$18410,000 SF1971
$194$1918,135 SF1978
$195$19210,243 SF1973
$214$2139,810 SF1977
$228$22710,080 SF1976
$231$2299,518 SF1976
$259$26210,428 SF1979
$292$3039,595 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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