Possible over-assessment

540 NW 79 St

Miami, 33150 · Miami-Dade County, Florida · commercial property · 574 sq ft · Fla. Stat. s.193.011(8)

$21,272estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Miami-Dade public rollFlorida
Current assessment$1,501,016
What the comparable sales support$404,530
Estimated over-assessment$1,096,486 · 73.0%
Comparable basis$829/SF
Estimated tax saved / year$21,272

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
$358$367839 SF1945
$371$367431 SF1952
$601$639516 SF1964
$601$639516 SF1964
$610$650516 SF1964
$987$1009760 SF1947
$1095$1154708 SF1955
$1531$1579751 SF1949

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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