Over-assessed vs. comparables

501 E Atlantic Blvd

Pompano Beach, 33060 · Broward County, Florida · commercial property · 2,017 sq ft · Fla. Stat. s.193.011(8)

$2,342estimated 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$888,210
What the comparable sales support$773,987
Estimated over-assessment$114,223 · 12.9%
Comparable basis$426/SF
Estimated tax saved / year$2,342

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
$170$1712,064 SF1963
$321$3252,260 SF1962
$325$3302,154 SF1964
$385$3792,040 SF1959
$397$3962,206 SF1960
$452$4561,989 SF1964
$493$4812,030 SF1957
$530$5281,933 SF1962

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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