Possible over-assessment

167 NW 23 St

Miami, 33127 · Miami-Dade County, Florida · commercial property · 1,402 sq ft · Fla. Stat. s.193.011(8)

$38,150estimated 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$2,685,292
What the comparable sales support$718,806
Estimated over-assessment$1,966,486 · 73.2%
Comparable basis$603/SF
Estimated tax saved / year$38,150

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
$241$2571,559 SF1938
$291$3012,010 SF1925
$437$4411,578 SF1926
$479$5041,294 SF1939
$516$5342,034 SF1925
$638$6721,254 SF1940
$723$677930 SF1921
$780$8011,090 SF1937

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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