Over-assessed vs. comparables

3201 SW 22 St

Miami, 33145 · Miami-Dade County, Florida · commercial property · 5,040 sq ft · Fla. Stat. s.193.011(8)

$24,232estimated 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$3,498,318
What the comparable sales support$2,249,266
Estimated over-assessment$1,249,052 · 35.7%
Comparable basis$525/SF
Estimated tax saved / year$24,232

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
$194$1986,180 SF1995
$356$3705,057 SF2004
$379$3975,170 SF2005
$416$4004,084 SF1992
$471$4534,627 SF1990
$583$5974,473 SF2003
$786$7553,307 SF1995
$796$7623,644 SF1993

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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