Over-assessed vs. comparables

1300 Brickell Bay Dr Cu 5

Miami, 33131 · Miami-Dade County, Florida · commercial property · 677 sq ft · Fla. Stat. s.193.011(8)

$2,154estimated 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$626,225
What the comparable sales support$515,175
Estimated over-assessment$111,050 · 17.7%
Comparable basis$895/SF
Estimated tax saved / year$2,154

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
$460$444685 SF2007
$477$460682 SF2007
$799$809626 SF2018
$845$864692 SF2018
$860$879692 SF2018
$906$912585 SF2018
$903$914626 SF2018
$919$930626 SF2018

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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