Possible over-assessment

5401 SW 25 Ct

Pembroke Park, 33023 · Broward County, Florida · industrial property · 4,110 sq ft · Fla. Stat. s.193.011(8)

$1,403estimated 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$924,010
What the comparable sales support$855,578
Estimated over-assessment$68,432 · 7.4%
Comparable basis$231/SF
Estimated tax saved / year$1,403

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
$175$1744,010 SF1960
$193$1964,400 SF1961
$206$2084,246 SF1961
$225$2244,000 SF1960
$228$2314,165 SF1962
$231$2323,780 SF1962
$305$3044,000 SF1960
$482$4824,566 SF1958

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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