Over-assessed vs. comparables

3162 Commodore Plz 1B

Miami, 33133 · Miami-Dade County, Florida · commercial property · 1,052 sq ft · Fla. Stat. s.193.011(8)

$1,768estimated 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$441,840
What the comparable sales support$350,707
Estimated over-assessment$91,133 · 20.6%
Comparable basis$392/SF
Estimated tax saved / year$1,768

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
$290$2921,173 SF1984
$350$3521,100 SF1985
$359$3611,100 SF1985
$364$3631,070 SF1984
$379$378963 SF1986
$414$407979 SF1983
$458$4641,201 SF1985
$605$611991 SF1988

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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