Possible over-assessment

2001 Collins Ave 613

Miami Beach, 33139 · Miami-Dade County, Florida · commercial property · 684 sq ft · Fla. Stat. s.193.011(8)

$8,687estimated 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$831,060
What the comparable sales support$383,257
Estimated over-assessment$447,803 · 53.9%
Comparable basis$659/SF
Estimated tax saved / year$8,687

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
$379$382713 SF2006
$460$465685 SF2007
$477$481682 SF2007
$576$586694 SF2008
$644$654696 SF2008
$667$664690 SF2004
$913$880438 SF2005
$1023$1010596 SF2005

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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