Possible over-assessment

7601 E Treasure Dr Cu-12

North Bay Village, 33141 · Miami-Dade County, Florida · commercial property · 1,135 sq ft · Fla. Stat. s.193.011(8)

$934estimated 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$397,250
What the comparable sales support$349,083
Estimated over-assessment$48,167 · 12.1%
Comparable basis$362/SF
Estimated tax saved / year$934

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
$290$2861,173 SF1984
$350$3451,100 SF1985
$359$3541,100 SF1985
$364$3571,070 SF1984
$364$3581,187 SF1983
$375$3651,134 SF1982
$458$4561,201 SF1985
$584$576994 SF1987

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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