Over-assessed vs. comparables

301 Altara Ave Cu-4

Coral Gables, 33146 · Miami-Dade County, Florida · commercial property · 422 sq ft · Fla. Stat. s.193.011(8)

$2,227estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Miami-Dade public rollFlorida
Current assessment$356,590
What the comparable sales support$241,807
Estimated over-assessment$114,783 · 32.2%
Comparable basis$674/SF
Estimated tax saved / year$2,227

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
$257$254448 SF2016
$354$352466 SF2016
$372$365403 SF2016
$464$458431 SF2016
$638$632447 SF2016
$724$717442 SF2016
$762$760412 SF2019
$767$769437 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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