Over-assessed vs. comparables

7154 SW 47 St 7154

Unincorporated County, 33155 · Miami-Dade County, Florida · industrial property · 2,585 sq ft · Fla. Stat. s.193.011(8)

$3,509estimated 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$723,800
What the comparable sales support$542,921
Estimated over-assessment$180,879 · 25.0%
Comparable basis$247/SF
Estimated tax saved / year$3,509

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
$160$1572,411 SF1983
$206$2052,426 SF1985
$212$2082,411 SF1983
$249$2452,411 SF1983
$249$2472,412 SF1985
$249$2472,412 SF1985
$270$2682,426 SF1985
$324$3182,467 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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