Over-assessed vs. comparables

2665 S Bayshore Dr 500

Miami, 33133 · Miami-Dade County, Florida · commercial property · 2,814 sq ft · Fla. Stat. s.193.011(8)

$6,939estimated 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$1,533,630
What the comparable sales support$1,175,926
Estimated over-assessment$357,704 · 23.3%
Comparable basis$492/SF
Estimated tax saved / year$6,939

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
$148$1392,687 SF1970
$276$2883,443 SF1986
$285$2972,700 SF1991
$350$3512,931 SF1982
$429$4392,800 SF1987
$563$5442,130 SF1980
$563$5813,552 SF1983
$692$7222,889 SF1990

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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