Over-assessed vs. comparables

39 Mildred Dr

Fort Myers, 33901 · Lee County, Florida · industrial property · 7,538 sq ft · Fla. Stat. s.193.011(8)

$4,615estimated 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$1,079,233
What the comparable sales support$836,357
Estimated over-assessment$242,876 · 22.5%
Comparable basis$131/SF
Estimated tax saved / year$4,615

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
$67$645,663 SF1960
$77$785,223 SF1974
$78$806,440 SF1972
$102$10410,836 SF1960
$118$12911,000 SF1973
$129$1325,836 SF1974
$131$1358,780 SF1967
$144$1394,720 SF1965

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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