Possible over-assessment

2490 W 4 Ct

Hialeah, 33010 · Miami-Dade County, Florida · multifamily property · 5,227 sq ft · Fla. Stat. s.193.011(8)

$3,163estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Miami-Dade public rollFlorida
Current assessment$1,720,000
What the comparable sales support$1,556,963
Estimated over-assessment$163,037 · 9.5%
Comparable basis$350/SF
Estimated tax saved / year$3,163

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
$264$2656,244 SF1958
$284$2905,982 SF1962
$320$3165,542 SF1957
$332$3345,128 SF1962
$341$3485,424 SF1964
$363$3534,815 SF1957
$355$3575,762 SF1960
$447$4666,035 SF1966

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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