Over-assessed vs. comparables

4990 SW 72 Ave 11-G

Unincorporated County, 33155 · Miami-Dade County, Florida · industrial property · 1,468 sq ft · Fla. Stat. s.193.011(8)

$2,365estimated 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$513,800
What the comparable sales support$391,878
Estimated over-assessment$121,922 · 23.7%
Comparable basis$314/SF
Estimated tax saved / year$2,365

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
$261$2561,438 SF1983
$281$2831,563 SF1986
$294$2921,328 SF1987
$301$3001,328 SF1987
$304$3001,430 SF1984
$323$3281,610 SF1987
$356$3581,543 SF1986
$384$3821,471 SF1985

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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