Over-assessed vs. comparables

7075 SW 47 St 10

Unincorporated County, 33155 · Miami-Dade County, Florida · industrial property · 1,638 sq ft · Fla. Stat. s.193.011(8)

$3,940estimated 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$614,250
What the comparable sales support$411,151
Estimated over-assessment$203,099 · 33.1%
Comparable basis$295/SF
Estimated tax saved / year$3,940

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
$190$1861,635 SF1981
$247$2431,540 SF1983
$281$2811,563 SF1986
$298$2911,511 SF1982
$299$2921,507 SF1982
$304$2991,430 SF1984
$323$3261,610 SF1987
$329$3261,700 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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