Over-assessed vs. comparables

175 W 49 St

Hialeah, 33012 · Miami-Dade County, Florida · commercial property · 2,301 sq ft · Fla. Stat. s.193.011(8)

$3,662estimated 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$1,059,572
What the comparable sales support$870,787
Estimated over-assessment$188,785 · 17.8%
Comparable basis$445/SF
Estimated tax saved / year$3,662

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
$201$2042,488 SF1954
$291$2902,581 SF1950
$301$3062,657 SF1953
$308$3112,488 SF1953
$424$4152,300 SF1949
$495$4751,696 SF1950
$524$5192,289 SF1951
$629$6182,360 SF1949

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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