Over-assessed vs. comparables

1435 Brickell Ave 3205

Miami, 33131 · Miami-Dade County, Florida · commercial property · 611 sq ft · Fla. Stat. s.193.011(8)

$3,712estimated 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$522,405
What the comparable sales support$331,078
Estimated over-assessment$191,327 · 36.6%
Comparable basis$637/SF
Estimated tax saved / year$3,712

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
$411$419609 SF2007
$427$435609 SF2007
$452$460609 SF2007
$460$469609 SF2007
$489$499609 SF2007
$761$776729 SF2003
$789$804729 SF2003
$1023$1031596 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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