Possible over-assessment

50 SW 5 St

Pompano Beach, 33060 · Broward County, Florida · industrial property · 2,590 sq ft · Fla. Stat. s.193.011(8)

$145estimated 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$549,430
What the comparable sales support$542,353
Estimated over-assessment$7,077 · 1.3%
Comparable basis$246/SF
Estimated tax saved / year$145

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
$189$1892,639 SF1967
$225$2202,510 SF1964
$222$2292,700 SF1973
$238$2362,731 SF1965
$250$2452,200 SF1967
$254$2482,555 SF1963
$280$2722,500 SF1963
$275$2802,400 SF1973

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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