Over-assessed vs. comparables

3300 SW 27 Ave

Miami, 33133 · Miami-Dade County, Florida · commercial property · 138,000 sq ft · Fla. Stat. s.193.011(8)

$174,639estimated 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$27,800,000
What the comparable sales support$18,797,972
Estimated over-assessment$9,002,028 · 32.4%
Comparable basis$160/SF
Estimated tax saved / year$174,639

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 7 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
$113$10688,866 SF1998
$113$11085,865 SF2004
$125$11394,773 SF1990
$162$160160,100 SF1997
$176$167116,486 SF1995
$379$376143,968 SF2000
$431$41697,433 SF2001

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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