Over-assessed vs. comparables

2665 S Bayshore Dr 1020

Miami, 33133 · Miami-Dade County, Florida · commercial property · 724 sq ft · Fla. Stat. s.193.011(8)

$2,436estimated 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$412,680
What the comparable sales support$287,094
Estimated over-assessment$125,586 · 30.4%
Comparable basis$467/SF
Estimated tax saved / year$2,436

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
$231$235780 SF1984
$344$340655 SF1982
$376$373719 SF1981
$396$401770 SF1983
$438$437740 SF1981
$498$496703 SF1982
$500$508800 SF1983
$533$527638 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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