Over-assessed vs. comparables

407 N Federal Hwy

Fort Lauderdale, 33301 · Broward County, Florida · commercial property · 5,864 sq ft · Fla. Stat. s.193.011(8)

$3,870estimated 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$1,540,360
What the comparable sales support$1,351,598
Estimated over-assessment$188,762 · 12.3%
Comparable basis$256/SF
Estimated tax saved / year$3,870

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
$168$1697,009 SF1961
$173$1715,378 SF1963
$208$2054,816 SF1964
$230$2255,663 SF1960
$237$2354,850 SF1965
$282$2776,198 SF1958
$332$3306,561 SF1960
$397$3926,305 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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