Over-assessed vs. comparables

5110-5120 N Federal Hwy

Fort Lauderdale, 33308 · Broward County, Florida · commercial property · 9,421 sq ft · Fla. Stat. s.193.011(8)

$14,035estimated 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$2,815,380
What the comparable sales support$2,130,767
Estimated over-assessment$684,613 · 24.3%
Comparable basis$251/SF
Estimated tax saved / year$14,035

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
$102$1039,803 SF1966
$133$1307,140 SF1965
$169$1608,895 SF1956
$170$1708,835 SF1967
$213$21911,641 SF1966
$279$2848,240 SF1971
$377$3729,150 SF1963
$388$3878,382 SF1967

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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