Over-assessed vs. comparables

8700 SW 40 St

Unincorporated County, 33165 · Miami-Dade County, Florida · commercial property · 3,533 sq ft · Fla. Stat. s.193.011(8)

$21,994estimated 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$3,519,781
What the comparable sales support$2,386,077
Estimated over-assessment$1,133,704 · 32.2%
Comparable basis$795/SF
Estimated tax saved / year$21,994

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
$276$2683,443 SF1986
$285$2782,700 SF1991
$416$4254,084 SF1992
$692$6762,889 SF1990
$820$7923,050 SF1987
$786$7973,307 SF1995
$796$8063,644 SF1993
$927$9193,936 SF1987

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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