Over-assessed vs. comparables

1650 NW 20 St

Miami, 33142 · Miami-Dade County, Florida · commercial property · 4,374 sq ft · Fla. Stat. s.193.011(8)

$17,650estimated 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$2,437,809
What the comparable sales support$1,528,008
Estimated over-assessment$909,801 · 37.3%
Comparable basis$411/SF
Estimated tax saved / year$17,650

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
$231$2254,332 SF1961
$259$2513,608 SF1963
$269$2613,030 SF1966
$364$3804,666 SF1973
$377$3844,901 SF1967
$428$4384,088 SF1972
$583$5974,977 SF1968
$710$7374,510 SF1973

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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