Over-assessed vs. comparables

15725 S Dixie Hwy

Palmetto Bay, 33157 · Miami-Dade County, Florida · commercial property · 5,037 sq ft · Fla. Stat. s.193.011(8)

$13,701estimated 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$3,422,749
What the comparable sales support$2,716,490
Estimated over-assessment$706,259 · 20.6%
Comparable basis$634/SF
Estimated tax saved / year$13,701

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
$356$3535,057 SF2004
$379$3785,170 SF2005
$395$4085,697 SF2010
$439$4565,920 SF2010
$583$5684,473 SF2003
$720$7013,959 SF2005
$950$9194,632 SF2001
$984$9956,098 SF2004

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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