Over-assessed vs. comparables

830 N Krome Ave

Homestead, 33030 · Miami-Dade County, Florida · commercial property · 3,511 sq ft · Fla. Stat. s.193.011(8)

$8,667estimated 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$1,515,460
What the comparable sales support$1,068,711
Estimated over-assessment$446,749 · 29.5%
Comparable basis$358/SF
Estimated tax saved / year$8,667

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
$234$2323,287 SF1950
$245$2413,060 SF1950
$242$2433,618 SF1951
$271$2713,316 SF1952
$341$3383,520 SF1949
$382$3793,532 SF1949
$414$4193,401 SF1954
$671$6573,504 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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