Over-assessed vs. comparables

631 NE 34 St

Pompano Beach, 33064 · Broward County, Florida · industrial property · 1,000 sq ft · Fla. Stat. s.193.011(8)

$795estimated 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$323,190
What the comparable sales support$284,389
Estimated over-assessment$38,801 · 12.0%
Comparable basis$316/SF
Estimated tax saved / year$795

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
$145$155980 SF1983
$229$228678 SF1974
$232$231668 SF1974
$274$267547 SF1972
$318$3071,169 SF1958
$304$325955 SF1983
$350$3471,000 SF1966
$340$364955 SF1983

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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