Over-assessed vs. comparables

3960 W 16 Ave 203

Hialeah, 33012 · Miami-Dade County, Florida · industrial property · 1,749 sq ft · Fla. Stat. s.193.011(8)

$1,426estimated 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$419,760
What the comparable sales support$346,254
Estimated over-assessment$73,506 · 17.5%
Comparable basis$233/SF
Estimated tax saved / year$1,426

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
$173$1751,875 SF1980
$173$1762,019 SF1980
$190$1891,635 SF1981
$209$2041,606 SF1977
$213$2081,599 SF1977
$262$2581,509 SF1980
$327$3211,437 SF1980
$329$3321,700 SF1982

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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