Over-assessed vs. comparables

265 NE 26 Ter

Miami, 33137 · Miami-Dade County, Florida · commercial property · 2,597 sq ft · Fla. Stat. s.193.011(8)

$16,461estimated 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$2,254,622
What the comparable sales support$1,406,102
Estimated over-assessment$848,520 · 37.6%
Comparable basis$637/SF
Estimated tax saved / year$16,461

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
$291$2842,010 SF1925
$330$3282,545 SF1924
$323$3332,087 SF1935
$437$4221,578 SF1926
$516$5052,034 SF1925
$724$7692,642 SF1937
$815$8172,921 SF1923
$843$9032,609 SF1939

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 265 NE 26 Ter and tell you, with no obligation, whether it's worth filing. A licensed Florida agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Miami-Dade County

Other Miami-Dade County properties over the line