Over-assessed vs. comparables

900-902 SE 1 St

Pompano Beach, 33060 · Broward County, Florida · multifamily property · 17,218 sq ft · Fla. Stat. s.193.011(8)

$34,861estimated 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$5,658,880
What the comparable sales support$3,958,328
Estimated over-assessment$1,700,552 · 30.0%
Comparable basis$255/SF
Estimated tax saved / year$34,861

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
$214$20214,928 SF1965
$210$20720,877 SF1967
$246$23710,793 SF1974
$229$23822,942 SF1975
$253$24113,827 SF1968
$281$27012,279 SF1972
$283$27212,018 SF1972
$287$27212,802 SF1968

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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