Over-assessed vs. comparables

7101 NW 77 Ter

Medley, 33166 · Miami-Dade County, Florida · industrial property · 6,867 sq ft · Fla. Stat. s.193.011(8)

$12,164estimated 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$2,113,227
What the comparable sales support$1,486,211
Estimated over-assessment$627,016 · 29.7%
Comparable basis$255/SF
Estimated tax saved / year$12,164

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
$203$1977,140 SF1973
$200$2007,952 SF1977
$222$2255,858 SF1986
$227$2288,356 SF1976
$251$2475,145 SF1982
$261$2626,426 SF1982
$340$3344,998 SF1982
$355$3607,036 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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