Over-assessed vs. comparables

6260 NW 9 Ave

Fort Lauderdale, 33309 · Broward County, Florida · commercial property · 3,932 sq ft · Fla. Stat. s.193.011(8)

$13,766estimated 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$1,771,470
What the comparable sales support$1,099,939
Estimated over-assessment$671,531 · 37.9%
Comparable basis$311/SF
Estimated tax saved / year$13,766

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
$228$2243,296 SF1982
$228$2323,540 SF1987
$241$2423,316 SF1986
$269$2624,131 SF1976
$277$2813,616 SF1987
$342$3403,220 SF1985
$345$3464,060 SF1982
$402$4053,323 SF1987

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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