Over-assessed vs. comparables

1200 Brickell Ave 520-A

Miami, 33131 · Miami-Dade County, Florida · commercial property · 551 sq ft · Fla. Stat. s.193.011(8)

$934estimated 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$267,235
What the comparable sales support$219,087
Estimated over-assessment$48,148 · 18.0%
Comparable basis$468/SF
Estimated tax saved / year$934

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
$214$219515 SF1988
$319$320501 SF1984
$344$350655 SF1982
$367$375640 SF1983
$393$394573 SF1982
$533$541638 SF1982
$551$565690 SF1982
$847$849531 SF1983

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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