Over-assessed vs. comparables

4564 N Ocean Dr

Lauderdale By The Sea, 33308 · Broward County, Florida · commercial property · 3,527 sq ft · Fla. Stat. s.193.011(8)

$11,833estimated 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$1,811,070
What the comparable sales support$1,233,873
Estimated over-assessment$577,197 · 31.9%
Comparable basis$389/SF
Estimated tax saved / year$11,833

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
$218$2133,528 SF1959
$256$2563,598 SF1964
$306$2983,170 SF1961
$350$3432,998 SF1963
$357$3583,777 SF1963
$426$4193,283 SF1962
$561$5473,295 SF1960
$751$7413,062 SF1964

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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