Over-assessed vs. comparables

7300 SW 62 Pl

South Miami, 33143 · Miami-Dade County, Florida · commercial property · 460 sq ft · Fla. Stat. s.193.011(8)

$690estimated 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$207,000
What the comparable sales support$171,458
Estimated over-assessment$35,542 · 17.2%
Comparable basis$439/SF
Estimated tax saved / year$690

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
$214$215515 SF1988
$270$251448 SF1975
$319$314501 SF1984
$359$350418 SF1986
$393$388573 SF1982
$485$489515 SF1988
$847$835531 SF1983
$948$978422 SF1997

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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