Over-assessed vs. comparables

10840 W Colonial Dr

Ocoee, 34761 · Orange County, Florida · commercial property · 3,555 sq ft · Fla. Stat. s.193.011(8)

$7,001estimated 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$1,570,577
What the comparable sales support$1,179,464
Estimated over-assessment$391,113 · 24.9%
Comparable basis$369/SF
Estimated tax saved / year$7,001

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
$224$2243,348 SF1987
$247$2453,346 SF1986
$266$2583,108 SF1983
$262$2593,337 SF1985
$315$3213,779 SF1988
$425$4173,766 SF1981
$445$4523,539 SF1989
$464$4693,234 SF1990

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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