Over-assessed vs. comparables

4290 E 4 Ave

Hialeah, 33013 · Miami-Dade County, Florida · commercial property · 1,974 sq ft · Fla. Stat. s.193.011(8)

$6,853estimated 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$1,101,556
What the comparable sales support$748,305
Estimated over-assessment$353,251 · 32.1%
Comparable basis$446/SF
Estimated tax saved / year$6,853

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
$328$3301,965 SF1956
$346$3482,080 SF1955
$360$3541,930 SF1952
$367$3711,864 SF1958
$429$4311,864 SF1957
$465$4611,880 SF1954
$574$5852,047 SF1958
$674$6641,780 SF1954

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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