Possible over-assessment

520 Brickell Key Dr O307

Miami, 33131 · Miami-Dade County, Florida · commercial property · 706 sq ft · Fla. Stat. s.193.011(8)

$34estimated 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$282,400
What the comparable sales support$280,667
Estimated over-assessment$1,733 · 0.6%
Comparable basis$468/SF
Estimated tax saved / year$34

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
$344$341655 SF1982
$367$366640 SF1983
$376$374719 SF1981
$396$402770 SF1983
$438$438740 SF1981
$498$498703 SF1982
$533$528638 SF1982
$551$549690 SF1982

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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