Over-assessed vs. comparables

6547 SW 24 St

West Miami, 33155 · Miami-Dade County, Florida · commercial property · 982 sq ft · Fla. Stat. s.193.011(8)

$3,312estimated 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$1,006,747
What the comparable sales support$836,021
Estimated over-assessment$170,726 · 17.0%
Comparable basis$1002/SF
Estimated tax saved / year$3,312

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
$319$3281,062 SF1952
$358$347839 SF1945
$645$6711,233 SF1951
$765$7721,079 SF1948
$987$960760 SF1947
$1040$10431,115 SF1946
$1136$1101968 SF1942
$1531$1503751 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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