Over-assessed vs. comparables

4120-4132 NW 10 Ave

Oakland Park, 33309 · Broward County, Florida · industrial property · 45,857 sq ft · Fla. Stat. s.193.011(8)

$49,464estimated 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$10,159,180
What the comparable sales support$7,746,295
Estimated over-assessment$2,412,885 · 23.8%
Comparable basis$188/SF
Estimated tax saved / year$49,464

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
$76$7759,520 SF1965
$136$13547,778 SF1963
$136$14059,524 SF1966
$169$16223,735 SF1968
$188$18831,926 SF1972
$197$19828,362 SF1975
$236$23629,700 SF1974
$245$25837,680 SF1980

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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