Possible over-assessment

12705 Cairo Ln

Opa-locka, 33054 · Miami-Dade County, Florida · industrial property · 5,032 sq ft · Fla. Stat. s.193.011(8)

$37,265estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Miami-Dade public rollFlorida
Current assessment$3,359,147
What the comparable sales support$1,438,252
Estimated over-assessment$1,920,895 · 57.2%
Comparable basis$336/SF
Estimated tax saved / year$37,265

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
$275$2795,082 SF1989
$310$3044,730 SF1984
$311$3044,718 SF1984
$315$3084,708 SF1984
$312$3134,974 SF1988
$354$3605,880 SF1987
$386$3925,000 SF1990
$442$4374,750 SF1986

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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