Over-assessed vs. comparables

5963 Biscayne Blvd

Miami, 33137 · Miami-Dade County, Florida · commercial property · 2,747 sq ft · Fla. Stat. s.193.011(8)

$5,940estimated 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$1,106,715
What the comparable sales support$800,531
Estimated over-assessment$306,184 · 27.7%
Comparable basis$343/SF
Estimated tax saved / year$5,940

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
$148$1502,687 SF1970
$203$2052,687 SF1970
$269$2693,030 SF1966
$283$2762,330 SF1966
$333$3302,489 SF1968
$356$3552,806 SF1967
$513$5152,871 SF1968
$525$5282,763 SF1969

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 5963 Biscayne Blvd and tell you, with no obligation, whether it's worth filing. A licensed Florida agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Miami-Dade County

Other Miami-Dade County properties over the line