Over-assessed vs. comparables

11140 W Colonial Dr Unit 11

Ocoee, 34761 · Orange County, Florida · commercial property · 447 sq ft · Fla. Stat. s.193.011(8)

$471estimated 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$128,740
What the comparable sales support$102,453
Estimated over-assessment$26,287 · 20.4%
Comparable basis$255/SF
Estimated tax saved / year$471

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
$132$137550 SF1989
$136$142550 SF1989
$137$143546 SF1989
$159$165546 SF1989
$180$182388 SF1990
$323$328496 SF1987
$323$328496 SF1987
$343$348496 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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