Possible over-assessment

500 S Dixie Hwy 2-4

Coral Gables, 33146 · Miami-Dade County, Florida · commercial property · 3,447 sq ft · Fla. Stat. s.193.011(8)

$5,511estimated 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$1,895,850
What the comparable sales support$1,611,787
Estimated over-assessment$284,063 · 15.0%
Comparable basis$550/SF
Estimated tax saved / year$5,511

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
$118$1162,537 SF2008
$364$3532,255 SF2007
$457$4432,187 SF2007
$499$4862,404 SF2007
$535$5092,736 SF2000
$583$5924,473 SF2003
$720$7273,959 SF2005
$867$8433,516 SF2000

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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