Possible over-assessment

888 SE 3 Ave

Fort Lauderdale, 33316 · Broward County, Florida · commercial property · 2,230 sq ft · Fla. Stat. s.193.011(8)

$996estimated 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$563,190
What the comparable sales support$514,625
Estimated over-assessment$48,565 · 8.6%
Comparable basis$256/SF
Estimated tax saved / year$996

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
$190$1851,783 SF1984
$223$2211,828 SF1987
$216$2222,635 SF1987
$239$2351,879 SF1984
$239$2372,009 SF1985
$279$2761,792 SF1987
$296$2892,282 SF1980
$338$3321,777 SF1986

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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