Possible over-assessment

55 Merrick Way Rb-30

Coral Gables, 33134 · Miami-Dade County, Florida · commercial property · 714 sq ft · Fla. Stat. s.193.011(8)

$702estimated 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$317,730
What the comparable sales support$281,519
Estimated over-assessment$36,211 · 11.4%
Comparable basis$464/SF
Estimated tax saved / year$702

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
$346$348751 SF2008
$379$375713 SF2006
$417$419756 SF2008
$418$419729 SF2008
$460$456685 SF2007
$477$472682 SF2007
$475$474748 SF2007
$576$575694 SF2008

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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