Over-assessed vs. comparables

9550 NW 12 St 15

Doral, 33172 · Miami-Dade County, Florida · industrial property · 2,340 sq ft · Fla. Stat. s.193.011(8)

$1,992estimated 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$643,500
What the comparable sales support$540,834
Estimated over-assessment$102,666 · 16.0%
Comparable basis$272/SF
Estimated tax saved / year$1,992

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
$160$1612,411 SF1983
$188$1882,395 SF1982
$212$2132,411 SF1983
$239$2402,234 SF1983
$249$2512,411 SF1983
$292$2932,395 SF1982
$324$3262,467 SF1982
$334$3362,472 SF1982

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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