Over-assessed vs. comparables

2601 S Bayshore Dr 1485

Miami, 33133 · Miami-Dade County, Florida · commercial property · 677 sq ft · Fla. Stat. s.193.011(8)

$2,351estimated 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$318,190
What the comparable sales support$196,988
Estimated over-assessment$121,202 · 38.1%
Comparable basis$342/SF
Estimated tax saved / year$2,351

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$207515 SF1988
$218$216780 SF1984
$231$228780 SF1984
$283$286742 SF1989
$344$330655 SF1982
$367$354640 SF1983
$485$471515 SF1988
$498$482703 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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