Over-assessed vs. comparables

1110 Brickell Ave 316

Miami, 33131 · Miami-Dade County, Florida · commercial property · 424 sq ft · Fla. Stat. s.193.011(8)

$587estimated 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$195,040
What the comparable sales support$164,790
Estimated over-assessment$30,250 · 15.5%
Comparable basis$457/SF
Estimated tax saved / year$587

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
$228$232394 SF1976
$270$277448 SF1975
$319$346501 SF1984
$359$385418 SF1986
$523$529516 SF1969
$847$921531 SF1983
$975$928282 SF1968
$1146$1228530 SF1980

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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