Over-assessed vs. comparables

2601 S Bayshore Dr 1460

Miami, 33133 · Miami-Dade County, Florida · commercial property · 605 sq ft · Fla. Stat. s.193.011(8)

$1,849estimated 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$284,350
What the comparable sales support$189,026
Estimated over-assessment$95,324 · 33.5%
Comparable basis$368/SF
Estimated tax saved / year$1,849

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
$214$209515 SF1988
$283$289742 SF1989
$319$306501 SF1984
$344$334655 SF1982
$367$358640 SF1983
$393$377573 SF1982
$485$476515 SF1988
$533$517638 SF1982

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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