Over-assessed vs. comparables

4225 Evans Ave

Fort Myers, 33901 · Lee County, Florida · commercial property · 9,422 sq ft · Fla. Stat. s.193.011(8)

$8,494estimated 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$1,464,708
What the comparable sales support$1,017,655
Estimated over-assessment$447,053 · 30.5%
Comparable basis$127/SF
Estimated tax saved / year$8,494

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
$110$1079,301 SF1973
$112$1108,448 SF1977
$121$1197,464 SF1980
$122$1238,622 SF1982
$126$1249,954 SF1975
$126$1309,538 SF1986
$135$1399,628 SF1985
$141$14510,013 SF1983

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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