For many property owners, their building looks the same as the year before but the Miami-Dade Property Appraiser's web-site show the Counties new approach on building square footage.
“In January, a broker offered to sell us a building with about 21,000
square feet,” Barry Sharpe, president of Barry Sharpe Property Tax Appeal Group, told Miami Today. “In March, ready to have the property
appraised, we find – to our surprise – that it now measures about 24,000
square feet.”
Regardless of the affects additional square footage would have on asking
rents, market value of the property and insurance, Miami-Dade Property
Appraiser Lazaro Solis said that the valuation of the warehouse won’t
change.
“Our calculations and how we arrive at value did not change,” Solis
said, referring to the fact that the new publically viewable building
information is what the appraisers have always used in their internal
system. “In our effort to put more information on the website,
information appears new but it’s what we’ve always used.”
Sharpe and others in his position, however, remain concerned: “Most
people do not survey their property,” he said. “They look at the square
feet listed on the MLS.”
http://www.miamitodaynews.com/
http://therealdeal.com/miami/
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