Over-assessed vs. comparables

10730 SW 3 St

Sweetwater, 33174 · Miami-Dade County, Florida · multifamily property · 11,400 sq ft · Fla. Stat. s.193.011(8)

$15,383estimated 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$4,546,000
What the comparable sales support$3,753,058
Estimated over-assessment$792,942 · 17.4%
Comparable basis$387/SF
Estimated tax saved / year$15,383

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 5 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
$340$35611,193 SF1972
$338$35910,036 SF1977
$384$3878,980 SF1968
$443$45612,980 SF1965
$508$4629,601 SF1947

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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