Over-assessed vs. comparables

4617-4623 El Mar Dr

Lauderdale By The Sea, 33308 · Broward County, Florida · commercial property · 6,692 sq ft · Fla. Stat. s.193.011(8)

$5,804estimated 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$2,000,630
What the comparable sales support$1,717,519
Estimated over-assessment$283,111 · 14.1%
Comparable basis$285/SF
Estimated tax saved / year$5,804

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$2066,432 SF1968
$215$2145,818 SF1973
$242$2415,987 SF1972
$241$2467,470 SF1973
$279$2857,181 SF1974
$279$2868,240 SF1971
$285$2897,018 SF1973
$396$3845,689 SF1968

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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