Over-assessed vs. comparables

101 NE 34 St Su208

Miami, 33137 · Miami-Dade County, Florida · commercial property · 431 sq ft · Fla. Stat. s.193.011(8)

$1,456estimated 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$226,275
What the comparable sales support$151,209
Estimated over-assessment$75,066 · 33.2%
Comparable basis$413/SF
Estimated tax saved / year$1,456

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
$225$225466 SF2016
$235$230374 SF2016
$257$255448 SF2016
$354$353466 SF2016
$372$366403 SF2016
$464$459431 SF2016
$503$489358 SF2016
$762$763412 SF2019

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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