Over-assessed vs. comparables

2665 S Bayshore Dr 302

Miami, 33133 · Miami-Dade County, Florida · commercial property · 1,813 sq ft · Fla. Stat. s.193.011(8)

$3,897estimated 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$997,150
What the comparable sales support$796,298
Estimated over-assessment$200,852 · 20.1%
Comparable basis$517/SF
Estimated tax saved / year$3,897

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
$371$3681,430 SF1985
$405$3931,297 SF1982
$449$4421,424 SF1983
$445$4451,754 SF1983
$517$5151,751 SF1982
$500$5181,941 SF1988
$563$5682,130 SF1980
$644$6631,886 SF1987

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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