Over-assessed vs. comparables

1085 NE 79 St

Miami, 33138 · Miami-Dade County, Florida · commercial property · 1,910 sq ft · Fla. Stat. s.193.011(8)

$3,105estimated 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$852,277
What the comparable sales support$692,221
Estimated over-assessment$160,056 · 18.8%
Comparable basis$426/SF
Estimated tax saved / year$3,105

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
$241$2341,559 SF1938
$323$3182,087 SF1935
$318$3301,966 SF1947
$363$3711,793 SF1946
$408$4162,208 SF1941
$423$4372,071 SF1945
$429$4401,836 SF1946
$523$5392,210 SF1943

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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