Possible over-assessment

3896 N Federal Hwy

Lighthouse Point, 33064 · Broward County, Florida · commercial property · 3,747 sq ft · Fla. Stat. s.193.011(8)

$740estimated 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$863,000
What the comparable sales support$826,905
Estimated over-assessment$36,095 · 4.2%
Comparable basis$260/SF
Estimated tax saved / year$740

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
$172$1693,484 SF1990
$228$2213,540 SF1987
$223$2274,716 SF1991
$241$2313,316 SF1986
$259$2512,896 SF1990
$277$2693,616 SF1987
$293$2813,072 SF1987
$402$3873,323 SF1987

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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