Over-assessed vs. comparables

5070 N State Road 7

Fort Lauderdale, 33309 · Broward County, Florida · commercial property · 38,256 sq ft · Fla. Stat. s.193.011(8)

$54,841estimated 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$7,985,310
What the comparable sales support$5,310,120
Estimated over-assessment$2,675,190 · 33.5%
Comparable basis$154/SF
Estimated tax saved / year$54,841

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
$113$10633,675 SF1976
$107$11047,285 SF1987
$125$11926,328 SF1982
$118$12046,454 SF1984
$123$12332,579 SF1989
$192$18639,640 SF1979
$229$21925,406 SF1984
$233$23439,704 SF1986

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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