Possible over-assessment

4241 N Ocean Blvd

Fort Lauderdale, 33308 · Broward County, Florida · multifamily property · 33,082 sq ft · Fla. Stat. s.193.011(8)

$8,508estimated 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$6,519,610
What the comparable sales support$6,104,606
Estimated over-assessment$415,004 · 6.4%
Comparable basis$205/SF
Estimated tax saved / year$8,508

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
$210$16020,877 SF1967
$213$16528,587 SF1966
$193$17743,733 SF1986
$229$18422,942 SF1975
$238$19026,876 SF1972
$278$22029,312 SF1969
$292$2449,431 SF1989
$303$24532,226 SF1971

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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