Over-assessed vs. comparables

17501 Biscayne Blvd 5B

North Miami Beach, 33160 · Miami-Dade County, Florida · commercial property · 1,447 sq ft · Fla. Stat. s.193.011(8)

$2,081estimated 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$709,030
What the comparable sales support$601,764
Estimated over-assessment$107,266 · 15.1%
Comparable basis$489/SF
Estimated tax saved / year$2,081

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
$324$3191,187 SF2004
$331$3341,467 SF2006
$350$3431,237 SF2003
$405$4121,544 SF2006
$428$4281,517 SF2003
$539$5501,531 SF2007
$555$5671,531 SF2007
$699$6921,366 SF2003

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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