Over-assessed vs. comparables

9980 SW 40 St

Unincorporated County, 33165 · Miami-Dade County, Florida · commercial property · 1,875 sq ft · Fla. Stat. s.193.011(8)

$5,555estimated 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$1,135,795
What the comparable sales support$849,459
Estimated over-assessment$286,336 · 25.2%
Comparable basis$533/SF
Estimated tax saved / year$5,555

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
$232$2311,740 SF2006
$306$3021,798 SF2003
$318$3201,825 SF2007
$467$4671,863 SF2005
$509$5051,797 SF2004
$556$5611,980 SF2006
$649$6531,810 SF2007
$714$7071,680 SF2005

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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