Over-assessed vs. comparables

7441 SW 59 Pl

South Miami, 33143 · Miami-Dade County, Florida · multifamily property · 15,382 sq ft · Fla. Stat. s.193.011(8)

$17,702estimated 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$5,380,000
What the comparable sales support$4,467,546
Estimated over-assessment$912,454 · 17.0%
Comparable basis$342/SF
Estimated tax saved / year$17,702

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
$267$2548,818 SF1961
$270$27613,714 SF1969
$313$30112,538 SF1958
$339$31812,449 SF1953
$336$32510,576 SF1962
$377$3589,290 SF1960
$346$35915,354 SF1969
$364$36413,648 SF1964

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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