Over-assessed vs. comparables

331 Almeria Ave

Coral Gables, 33134 · Miami-Dade County, Florida · commercial property · 2,094 sq ft · Fla. Stat. s.193.011(8)

$6,109estimated 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$1,162,776
What the comparable sales support$847,888
Estimated over-assessment$314,888 · 27.1%
Comparable basis$476/SF
Estimated tax saved / year$6,109

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
$291$2882,010 SF1925
$330$3342,545 SF1924
$323$3382,087 SF1935
$437$4261,578 SF1926
$408$4412,208 SF1941
$516$5122,034 SF1925
$815$8352,921 SF1923
$1021$10802,448 SF1934

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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