Over-assessed vs. comparables

6141 SW 72 St 402

South Miami, 33143 · Miami-Dade County, Florida · commercial property · 1,829 sq ft · Fla. Stat. s.193.011(8)

$4,309estimated 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$832,195
What the comparable sales support$610,080
Estimated over-assessment$222,115 · 26.7%
Comparable basis$392/SF
Estimated tax saved / year$4,309

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
$232$2311,740 SF2006
$249$2471,687 SF2006
$297$2951,684 SF2006
$306$3011,798 SF2003
$318$3191,825 SF2007
$467$4661,863 SF2005
$509$5031,797 SF2004
$556$5601,980 SF2006

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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