Over-assessed vs. comparables

7418 Harding Ave

Miami Beach, 33141 · Miami-Dade County, Florida · multifamily property · 10,954 sq ft · Fla. Stat. s.193.011(8)

$20,860estimated 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$4,510,000
What the comparable sales support$3,434,764
Estimated over-assessment$1,075,236 · 23.8%
Comparable basis$369/SF
Estimated tax saved / year$20,860

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
$274$28715,515 SF1947
$308$2976,543 SF1947
$322$3178,853 SF1947
$313$33712,538 SF1958
$339$35612,449 SF1953
$389$38212,208 SF1940
$503$4836,062 SF1947
$508$5049,601 SF1947

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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