Over-assessed vs. comparables

1010 Constance Rd

Orlando, 32826 · Orange County, Florida · multifamily property · 255,139 sq ft · Fla. Stat. s.193.011(8)

$148,539estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Orange public rollFlorida
Current assessment$60,778,365
What the comparable sales support$52,480,073
Estimated over-assessment$8,298,292 · 13.7%
Comparable basis$229/SF
Estimated tax saved / year$148,539

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
$140$144324,800 SF2023
$165$164261,795 SF2022
$185$181283,431 SF2017
$216$215244,205 SF2023
$220$225302,605 SF2024
$226$232321,759 SF2023
$240$235210,332 SF2022
$254$246194,811 SF2021

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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