Possible over-assessment

505 N Ft Lauderdale Bch Blvd

Fort Lauderdale, 33304 · Broward County, Florida · commercial property · 380 sq ft · Fla. Stat. s.193.011(8)

$143estimated 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$142,810
What the comparable sales support$135,852
Estimated over-assessment$6,958 · 4.9%
Comparable basis$421/SF
Estimated tax saved / year$143

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
$355$369533 SF2006
$356$371533 SF2006
$365$379533 SF2006
$385$400533 SF2006
$386$402533 SF2006
$422$439533 SF2006
$449$455445 SF2005
$473$492533 SF2006

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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