Over-assessed vs. comparables

5691 SW 45 St

Davie, 33314 · Broward County, Florida · commercial property · 1,055 sq ft · Fla. Stat. s.193.011(8)

$2,915estimated 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$392,720
What the comparable sales support$250,538
Estimated over-assessment$142,182 · 36.2%
Comparable basis$264/SF
Estimated tax saved / year$2,915

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
$69$67757 SF1972
$164$1671,284 SF1972
$185$1861,000 SF1974
$245$244920 SF1974
$245$244920 SF1974
$285$2841,156 SF1969
$322$330993 SF1978
$357$349826 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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