Possible over-assessment

5624 Plunkett St

Hollywood, 33023 · Broward County, Florida · industrial property · 5,445 sq ft · Fla. Stat. s.193.011(8)

$168estimated 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$1,081,690
What the comparable sales support$1,073,477
Estimated over-assessment$8,213 · 0.8%
Comparable basis$232/SF
Estimated tax saved / year$168

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
$169$1696,279 SF1965
$212$2074,095 SF1968
$219$2154,796 SF1967
$219$2196,158 SF1965
$230$2255,645 SF1963
$236$2394,982 SF1972
$260$2575,000 SF1967
$263$2675,331 SF1972

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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