Over-assessed vs. comparables

1365 SW 22 St

Miami, 33145 · Miami-Dade County, Florida · commercial property · 3,033 sq ft · Fla. Stat. s.193.011(8)

$4,468estimated 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$1,000,000
What the comparable sales support$769,684
Estimated over-assessment$230,316 · 23.0%
Comparable basis$299/SF
Estimated tax saved / year$4,468

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
$219$2213,270 SF1954
$233$2363,064 SF1956
$245$2423,060 SF1950
$277$2762,972 SF1953
$301$2972,657 SF1953
$301$3002,907 SF1953
$540$5382,778 SF1954
$671$6613,504 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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