Over-assessed vs. comparables

229 SW 9 St 604

Miami, 33130 · Miami-Dade County, Florida · commercial property · 466 sq ft · Fla. Stat. s.193.011(8)

$1,258estimated 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$403,090
What the comparable sales support$338,258
Estimated over-assessment$64,832 · 16.1%
Comparable basis$854/SF
Estimated tax saved / year$1,258

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
$686$687452 SF2024
$767$747437 SF2019
$781$761437 SF2019
$769$777491 SF2024
$825$843543 SF2024
$854$865527 SF2023
$851$867530 SF2024
$913$935553 SF2024

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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