Over-assessed vs. comparables

712 NW 9 Ave

Fort Lauderdale, 33311 · Broward County, Florida · industrial property · 2,040 sq ft · Fla. Stat. s.193.011(8)

$1,594estimated 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$514,380
What the comparable sales support$436,605
Estimated over-assessment$77,775 · 15.1%
Comparable basis$238/SF
Estimated tax saved / year$1,594

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
$154$1541,625 SF1983
$154$1541,625 SF1983
$197$2002,412 SF1978
$228$2181,756 SF1973
$250$2372,200 SF1967
$234$2391,860 SF1985
$275$2712,400 SF1973
$269$2832,450 SF1985

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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