Over-assessed vs. comparables

6958 SW 47 St 6958

Unincorporated County, 33155 · Miami-Dade County, Florida · industrial property · 2,019 sq ft · Fla. Stat. s.193.011(8)

$2,718estimated 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$666,270
What the comparable sales support$526,155
Estimated over-assessment$140,115 · 21.0%
Comparable basis$307/SF
Estimated tax saved / year$2,718

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
$173$1691,875 SF1980
$173$1702,019 SF1980
$239$2412,234 SF1983
$302$2821,907 SF1972
$326$3051,915 SF1972
$300$3082,050 SF1989
$320$3122,047 SF1979
$403$3981,986 SF1982

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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