Over-assessed vs. comparables

12162 SW 131 Ave 7

Unincorporated County, 33186 · Miami-Dade County, Florida · industrial property · 410 sq ft · Fla. Stat. s.193.011(8)

$555estimated 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$143,500
What the comparable sales support$114,893
Estimated over-assessment$28,607 · 19.9%
Comparable basis$330/SF
Estimated tax saved / year$555

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
$206$202350 SF1982
$226$221350 SF1982
$300$293350 SF1981
$299$295384 SF1981
$337$329350 SF1981
$336$330384 SF1981
$357$350350 SF1982
$380$373350 SF1982

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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