Over-assessed vs. comparables

200 SE 15 Rd 2S

Miami, 33129 · Miami-Dade County, Florida · commercial property · 500 sq ft · Fla. Stat. s.193.011(8)

$1,032estimated 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$212,500
What the comparable sales support$159,319
Estimated over-assessment$53,181 · 25.0%
Comparable basis$375/SF
Estimated tax saved / year$1,032

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
$92$94588 SF1976
$228$226394 SF1976
$214$229515 SF1988
$270$269448 SF1975
$319$335501 SF1984
$393$414573 SF1982
$523$512516 SF1969
$847$891531 SF1983

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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