Over-assessed vs. comparables

3703 Cleveland Ave

Fort Myers, 33901 · Lee County, Florida · commercial property · 4,466 sq ft · Fla. Stat. s.193.011(8)

$4,426estimated 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$950,907
What the comparable sales support$717,959
Estimated over-assessment$232,948 · 24.5%
Comparable basis$189/SF
Estimated tax saved / year$4,426

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
$78$794,720 SF1959
$100$1035,682 SF1958
$130$1304,120 SF1960
$139$1424,633 SF1961
$190$1843,419 SF1956
$200$1943,396 SF1957
$199$1973,771 SF1959
$267$2564,113 SF1951

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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