Possible over-assessment

4041 N Ocean Blvd

Fort Lauderdale, 33308 · Broward County, Florida · commercial property · 19,463 sq ft · Fla. Stat. s.193.011(8)

$61,184estimated 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$6,708,050
What the comparable sales support$3,723,488
Estimated over-assessment$2,984,562 · 44.5%
Comparable basis$213/SF
Estimated tax saved / year$61,184

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
$157$16719,386 SF1974
$162$17019,123 SF1971
$177$18923,148 SF1970
$197$19416,791 SF1961
$197$20726,651 SF1964
$222$21815,372 SF1961
$236$22711,636 SF1961
$256$25117,389 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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