Possible over-assessment

17103 N Bay Rd

Sunny Isles Beach, 33160 · Miami-Dade County, Florida · multifamily property · 339,589 sq ft · Fla. Stat. s.193.011(8)

$175,488estimated 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$83,100,000
What the comparable sales support$74,054,215
Estimated over-assessment$9,045,785 · 10.9%
Comparable basis$257/SF
Estimated tax saved / year$175,488

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
$147$13567,125 SF1972
$182$172241,282 SF1966
$208$189190,313 SF1962
$223$20448,901 SF1972
$275$24935,406 SF1971
$287$26498,549 SF1970
$264$281228,254 SF1992
$271$294304,497 SF1991

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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