Over-assessed vs. comparables

8425 SW 132 St

Pinecrest, 33156 · Miami-Dade County, Florida · commercial property · 11,835 sq ft · Fla. Stat. s.193.011(8)

$14,697estimated 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$4,319,427
What the comparable sales support$3,561,844
Estimated over-assessment$757,583 · 17.5%
Comparable basis$354/SF
Estimated tax saved / year$14,697

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
$230$2149,192 SF1959
$266$26612,052 SF1969
$322$3137,858 SF1970
$322$33411,649 SF1977
$325$33713,854 SF1973
$376$3718,720 SF1972
$375$39211,257 SF1979
$392$39410,848 SF1972

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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