Possible over-assessment

27725 Old 41 Rd

Bonita Springs, 34135 · Lee County, Florida · commercial property · 11,997 sq ft · Fla. Stat. s.193.011(8)

$3,112estimated 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$1,717,001
What the comparable sales support$1,553,225
Estimated over-assessment$163,776 · 9.5%
Comparable basis$152/SF
Estimated tax saved / year$3,112

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
$86$8713,648 SF1983
$122$1178,622 SF1982
$126$1249,538 SF1986
$135$1339,628 SF1985
$141$13810,013 SF1983
$161$16713,634 SF1988
$176$17412,215 SF1981
$171$17410,790 SF1989

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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