Possible over-assessment

5126 NW 7 Ave

Miami, 33127 · Miami-Dade County, Florida · commercial property · 808 sq ft · Fla. Stat. s.193.011(8)

$213estimated 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$741,409
What the comparable sales support$730,453
Estimated over-assessment$10,956 · 1.5%
Comparable basis$1064/SF
Estimated tax saved / year$213

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
$358$368839 SF1945
$468$472961 SF1938
$673$672966 SF1936
$780$7951,090 SF1937
$987$1015760 SF1947
$1040$11121,115 SF1946
$1136$1170968 SF1942
$1531$1589751 SF1949

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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