Over-assessed vs. comparables

3931 SW 40 Ave

West Park, 33009 · Broward County, Florida · commercial property · 689 sq ft · Fla. Stat. s.193.011(8)

$1,208estimated 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$291,740
What the comparable sales support$232,814
Estimated over-assessment$58,926 · 20.2%
Comparable basis$375/SF
Estimated tax saved / year$1,208

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
$138$144725 SF1972
$161$168725 SF1972
$266$266752 SF1962
$314$310636 SF1963
$356$353730 SF1961
$381$398682 SF1973
$400$400730 SF1963
$501$488708 SF1958

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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