Over-assessed vs. comparables

4611-4661 Johnson Rd

Coconut Creek, 33073 · Broward County, Florida · industrial property · 82,630 sq ft · Fla. Stat. s.193.011(8)

$68,151estimated 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$19,947,840
What the comparable sales support$16,623,407
Estimated over-assessment$3,324,433 · 16.7%
Comparable basis$224/SF
Estimated tax saved / year$68,151

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 6 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
$134$12658,492 SF1998
$167$15647,767 SF1998
$221$22093,873 SF2001
$248$22772,919 SF1989
$276$24963,000 SF1989
$238$24977,562 SF2015

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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