Over-assessed vs. comparables

3831 N Powerline Rd

Unincorporated, 33073 · Broward County, Florida · industrial property · 52,019 sq ft · Fla. Stat. s.193.011(8)

$72,443estimated 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$12,709,150
What the comparable sales support$9,175,368
Estimated over-assessment$3,533,782 · 27.8%
Comparable basis$196/SF
Estimated tax saved / year$72,443

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
$134$14358,492 SF1998
$164$16145,813 SF1987
$174$17349,215 SF1988
$167$17447,767 SF1998
$192$19561,325 SF1987
$210$19736,247 SF1982
$234$22962,396 SF1980
$246$23332,567 SF1985

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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