Possible over-assessment

5425 W Atlantic Blvd

Margate, 33063 · Broward County, Florida · commercial property · 3,724 sq ft · Fla. Stat. s.193.011(8)

$31,308estimated 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$2,520,680
What the comparable sales support$993,452
Estimated over-assessment$1,527,228 · 60.6%
Comparable basis$296/SF
Estimated tax saved / year$31,308

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
$238$2254,210 SF2000
$248$2332,626 SF2007
$261$2432,512 SF2006
$264$2564,069 SF2005
$303$2883,297 SF2005
$324$3052,842 SF2006
$312$3083,032 SF2014
$351$3273,133 SF2002

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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