Possible over-assessment

1600 NE 1 Ave Cu 53

Miami, 33132 · Miami-Dade County, Florida · commercial property · 416 sq ft · Fla. Stat. s.193.011(8)

$104estimated 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$151,840
What the comparable sales support$146,459
Estimated over-assessment$5,381 · 3.5%
Comparable basis$414/SF
Estimated tax saved / year$104

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
$225$226466 SF2016
$235$231374 SF2016
$257$256448 SF2016
$354$355466 SF2016
$372$367403 SF2016
$464$461431 SF2016
$503$491358 SF2016
$762$765412 SF2019

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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