Over-assessed vs. comparables

10918 W Colonial Dr

Ocoee, 34761 · Orange County, Florida · commercial property · 46,901 sq ft · Fla. Stat. s.193.011(8)

$33,127estimated 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$9,798,005
What the comparable sales support$7,947,354
Estimated over-assessment$1,850,651 · 18.9%
Comparable basis$188/SF
Estimated tax saved / year$33,127

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
$90$8855,814 SF1973
$86$9164,212 SF1984
$126$11935,600 SF1973
$140$14435,944 SF1991
$168$17553,702 SF1986
$202$20133,100 SF1985
$222$22225,465 SF1990
$238$23431,560 SF1984

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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