Possible over-assessment

614 Collins Ave

Miami Beach, 33139 · Miami-Dade County, Florida · commercial property · 9,476 sq ft · Fla. Stat. s.193.011(8)

$2,673estimated 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$4,952,000
What the comparable sales support$4,814,217
Estimated over-assessment$137,783 · 2.8%
Comparable basis$598/SF
Estimated tax saved / year$2,673

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
$87$9010,348 SF1930
$177$1836,487 SF1939
$283$2684,771 SF1925
$315$34110,810 SF1940
$482$5038,826 SF1936
$673$6935,870 SF1940
$765$7347,906 SF1921
$727$7698,820 SF1939

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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