Over-assessed vs. comparables

100 NE 25 St

Miami, 33137 · Miami-Dade County, Florida · industrial property · 12,147 sq ft · Fla. Stat. s.193.011(8)

$25,899estimated 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

Miami-Dade public rollFlorida
Current assessment$4,150,395
What the comparable sales support$2,815,396
Estimated over-assessment$1,334,999 · 32.2%
Comparable basis$273/SF
Estimated tax saved / year$25,899

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
$166$15812,051 SF1963
$208$20713,721 SF1969
$227$22310,800 SF1971
$230$22710,000 SF1973
$240$22812,060 SF1962
$306$31712,433 SF1979
$344$33111,040 SF1966
$352$35212,939 SF1971

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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