Over-assessed vs. comparables

4011 N Ocean Blvd

Fort Lauderdale, 33308 · Broward County, Florida · commercial property · 18,304 sq ft · Fla. Stat. s.193.011(8)

$43,092estimated 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$5,600,000
What the comparable sales support$3,497,952
Estimated over-assessment$2,102,048 · 37.5%
Comparable basis$212/SF
Estimated tax saved / year$43,092

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
$110$11618,205 SF1974
$157$16719,386 SF1974
$162$16919,123 SF1971
$197$19316,791 SF1961
$213$20811,641 SF1966
$222$21715,372 SF1961
$236$22511,636 SF1961
$256$25017,389 SF1959

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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