Over-assessed vs. comparables

2980 NE 207 St 507

Aventura, 33180 · Miami-Dade County, Florida · commercial property · 1,926 sq ft · Fla. Stat. s.193.011(8)

$5,638estimated 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$1,145,970
What the comparable sales support$855,367
Estimated over-assessment$290,603 · 25.4%
Comparable basis$522/SF
Estimated tax saved / year$5,638

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
$234$2242,140 SF2008
$297$2761,684 SF2006
$318$2991,825 SF2007
$418$3871,975 SF2003
$467$4351,863 SF2005
$649$6101,810 SF2007
$683$6451,611 SF2010
$690$6791,609 SF2018

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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