Possible over-assessment

735 S Krome Ave

Homestead, 33030 · Miami-Dade County, Florida · commercial property · 900 sq ft · Fla. Stat. s.193.011(8)

$6,712estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Miami-Dade public rollFlorida
Current assessment$738,849
What the comparable sales support$392,847
Estimated over-assessment$346,002 · 46.8%
Comparable basis$514/SF
Estimated tax saved / year$6,712

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
$283$278742 SF1989
$353$355950 SF1989
$379$376963 SF1986
$414$405979 SF1983
$483$465786 SF1984
$574$562802 SF1987
$558$5691,030 SF1990
$584$584994 SF1987

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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