Over-assessed vs. comparables

7134 NW 1 Ave

Miami, 33150 · Miami-Dade County, Florida · industrial property · 5,010 sq ft · Fla. Stat. s.193.011(8)

$7,918estimated 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$1,579,000
What the comparable sales support$1,170,852
Estimated over-assessment$408,148 · 25.9%
Comparable basis$275/SF
Estimated tax saved / year$7,918

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
$151$1555,963 SF1955
$158$1624,968 SF1959
$210$2063,880 SF1955
$266$2654,140 SF1957
$267$2725,618 SF1955
$272$2784,968 SF1959
$311$3155,467 SF1955
$355$3625,083 SF1958

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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