Over-assessed vs. comparables

61 NE 41 St

Miami, 33137 · Miami-Dade County, Florida · commercial property · 36,388 sq ft · Fla. Stat. s.193.011(8)

$45,059estimated 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$12,660,291
What the comparable sales support$10,337,681
Estimated over-assessment$2,322,610 · 18.4%
Comparable basis$334/SF
Estimated tax saved / year$45,059

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
$128$13241,397 SF2020
$152$14923,415 SF2020
$288$27852,122 SF2002
$350$32022,447 SF2007
$313$33449,181 SF2023
$386$36934,437 SF2009
$402$39123,149 SF2019
$641$59722,248 SF2011

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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