Over-assessed vs. comparables

158 Giralda Ave

Coral Gables, 33134 · Miami-Dade County, Florida · commercial property · 1,912 sq ft · Fla. Stat. s.193.011(8)

$6,701estimated 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$1,033,534
What the comparable sales support$688,138
Estimated over-assessment$345,396 · 33.4%
Comparable basis$423/SF
Estimated tax saved / year$6,701

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
$243$2431,812 SF1948
$318$3191,966 SF1947
$363$3581,793 SF1946
$360$3691,930 SF1952
$423$4222,071 SF1945
$429$4251,836 SF1946
$456$4582,007 SF1947
$814$8281,966 SF1950

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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