Over-assessed vs. comparables

46-98 Indian Trace

Weston, 33326 · Broward County, Florida · commercial property · 21,397 sq ft · Fla. Stat. s.193.011(8)

$20,231estimated 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$6,144,670
What the comparable sales support$5,157,794
Estimated over-assessment$986,876 · 16.1%
Comparable basis$268/SF
Estimated tax saved / year$20,231

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
$150$15723,989 SF2006
$198$19526,210 SF1991
$207$20514,959 SF2003
$202$21424,215 SF2008
$264$25714,596 SF2000
$271$27918,471 SF2008
$320$30712,049 SF2000
$345$33715,492 SF2000

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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