Possible over-assessment

8890 Royal Palm Blvd

Coral Springs, 33071 · Broward County, Florida · commercial property · 1,493 sq ft · Fla. Stat. s.193.011(8)

$57estimated 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$448,620
What the comparable sales support$445,818
Estimated over-assessment$2,802 · 0.6%
Comparable basis$351/SF
Estimated tax saved / year$57

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
$259$2511,090 SF2017
$282$2651,487 SF2006
$292$2821,090 SF2017
$337$3201,572 SF2007
$337$3201,572 SF2007
$405$3821,482 SF2007
$436$4121,560 SF2006
$487$4731,129 SF2017

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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