Possible over-assessment

12450 Tower Rd

Bonita Springs, 34135 · Lee County, Florida · industrial property · 3,780 sq ft · Fla. Stat. s.193.011(8)

$202,520estimated 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

Lee public rollFlorida
Current assessment$11,308,941
What the comparable sales support$650,006
Estimated over-assessment$10,658,935 · 94.3%
Comparable basis$202/SF
Estimated tax saved / year$202,520

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
$77$785,223 SF1974
$112$1174,950 SF1981
$148$1443,040 SF1977
$169$1784,450 SF1987
$199$1923,510 SF1973
$216$2132,318 SF1984
$203$2133,318 SF1991
$216$2324,450 SF1990

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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