Over-assessed vs. comparables

1300 N Miami Ave

Miami, 33136 · Miami-Dade County, Florida · commercial property · 3,291 sq ft · Fla. Stat. s.193.011(8)

$6,282estimated 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$2,157,836
What the comparable sales support$1,834,004
Estimated over-assessment$323,832 · 15.0%
Comparable basis$656/SF
Estimated tax saved / year$6,282

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 7 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
$234$2403,287 SF1950
$271$2813,316 SF1952
$524$5242,289 SF1951
$627$6562,713 SF1958
$724$6812,642 SF1937
$895$8972,403 SF1951
$1068$11312,809 SF1960

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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