Over-assessed vs. comparables

3501 State Road 7

Davie, 33314 · Broward County, Florida · industrial property · 10,386 sq ft · Fla. Stat. s.193.011(8)

$21,117estimated 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$3,631,950
What the comparable sales support$2,601,852
Estimated over-assessment$1,030,098 · 28.4%
Comparable basis$278/SF
Estimated tax saved / year$21,117

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
$193$19812,926 SF1999
$230$2138,056 SF1989
$236$2235,397 SF1997
$286$26510,482 SF1984
$292$2719,595 SF1986
$308$2868,396 SF1988
$284$29213,713 SF1998
$308$29310,516 SF1989

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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