Possible over-assessment

1451 Ocean Dr Cu-103

Miami Beach, 33139 · Miami-Dade County, Florida · commercial property · 888 sq ft · Fla. Stat. s.193.011(8)

$26,246estimated 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$1,687,200
What the comparable sales support$334,331
Estimated over-assessment$1,352,869 · 80.2%
Comparable basis$443/SF
Estimated tax saved / year$26,246

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
$326$334965 SF2001
$339$343870 SF2001
$381$390965 SF2001
$417$428983 SF2001
$425$435965 SF2001
$440$451965 SF2001
$444$454965 SF2001
$625$613800 SF1996

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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