Over-assessed vs. comparables

805 NE 18 Ave

Fort Lauderdale, 33304 · Broward County, Florida · multifamily property · 5,860 sq ft · Fla. Stat. s.193.011(8)

$4,693estimated 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$1,999,220
What the comparable sales support$1,770,310
Estimated over-assessment$228,910 · 11.5%
Comparable basis$336/SF
Estimated tax saved / year$4,693

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
$211$2216,621 SF1960
$264$2666,637 SF1953
$271$2714,988 SF1957
$282$2796,165 SF1951
$302$3035,604 SF1955
$368$3696,938 SF1951
$361$3757,623 SF1956
$388$3997,724 SF1953

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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