Possible over-assessment

2445 Collins Ave

Miami Beach, 33140 · Miami-Dade County, Florida · commercial property · 52,102 sq ft · Fla. Stat. s.193.011(8)

$57,757estimated 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$29,689,500
What the comparable sales support$26,712,322
Estimated over-assessment$2,977,178 · 10.0%
Comparable basis$603/SF
Estimated tax saved / year$57,757

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 6 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
$155$16548,881 SF1952
$303$29432,963 SF1940
$582$54228,571 SF1934
$696$66528,286 SF1939
$1010$96136,624 SF1935
$930$96337,619 SF1952

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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