Over-assessed vs. comparables

8267 NE 2 Ave

Miami, 33138 · Miami-Dade County, Florida · commercial property · 7,275 sq ft · Fla. Stat. s.193.011(8)

$9,024estimated 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$2,800,000
What the comparable sales support$2,334,834
Estimated over-assessment$465,166 · 16.6%
Comparable basis$378/SF
Estimated tax saved / year$9,024

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
$180$1838,052 SF1950
$284$2776,252 SF1947
$292$2947,022 SF1951
$303$3046,097 SF1953
$326$3316,898 SF1953
$448$4244,155 SF1947
$422$4268,060 SF1949
$603$5885,800 SF1948

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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