Possible over-assessment

6103 Colonial Dr

Margate, 33063 · Broward County, Florida · commercial property · 16,849 sq ft · Fla. Stat. s.193.011(8)

$720,652estimated 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$38,451,430
What the comparable sales support$3,297,692
Estimated over-assessment$35,153,738 · 91.4%
Comparable basis$217/SF
Estimated tax saved / year$720,652

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
$110$11118,205 SF1974
$157$16119,386 SF1974
$162$16319,123 SF1971
$198$19515,140 SF1972
$206$20917,256 SF1976
$223$22616,126 SF1976
$277$27414,080 SF1974
$294$28713,200 SF1973

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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