Over-assessed vs. comparables

3672-3680 Fowler St

Fort Myers, 33901 · Lee County, Florida · commercial property · 5,969 sq ft · Fla. Stat. s.193.011(8)

$3,468estimated 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

Lee public rollFlorida
Current assessment$918,392
What the comparable sales support$735,852
Estimated over-assessment$182,540 · 19.9%
Comparable basis$145/SF
Estimated tax saved / year$3,468

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
$66$675,428 SF1972
$106$1033,788 SF1970
$108$1097,392 SF1965
$136$1323,406 SF1971
$139$1435,574 SF1975
$150$1474,666 SF1968
$195$2056,156 SF1978
$218$2285,976 SF1978

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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