Possible over-assessment

5850 Coral Ridge Dr

Coral Springs, 33076 · Broward County, Florida · commercial property · 553 sq ft · Fla. Stat. s.193.011(8)

$239estimated 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$252,060
What the comparable sales support$240,392
Estimated over-assessment$11,668 · 4.6%
Comparable basis$483/SF
Estimated tax saved / year$239

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
$248$255700 SF2007
$260$259574 SF2006
$283$285707 SF2003
$478$477625 SF2004
$490$479490 SF2005
$457$487635 SF2017
$485$501412 SF2019
$478$510649 SF2017

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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