Possible over-assessment

2514 Santa Barbara Blvd

Cape Coral, 33914 · Lee County, Florida · commercial property · 4,940 sq ft · Fla. Stat. s.193.011(8)

$22,099estimated 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$2,556,323
What the comparable sales support$1,393,227
Estimated over-assessment$1,163,096 · 45.5%
Comparable basis$332/SF
Estimated tax saved / year$22,099

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
$174$1745,045 SF2002
$197$1964,578 SF2004
$213$2114,872 SF2001
$238$2375,247 SF2001
$291$2945,354 SF2003
$365$3705,598 SF2003
$372$3755,095 SF2004
$401$4064,984 SF2005

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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