Over-assessed vs. comparables

121 S Orange Ave Unit 950 N

Orlando, 32801 · Orange County, Florida · commercial property · 2,757 sq ft · Fla. Stat. s.193.011(8)

$2,604estimated 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$609,300
What the comparable sales support$463,802
Estimated over-assessment$145,498 · 23.9%
Comparable basis$187/SF
Estimated tax saved / year$2,604

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 7 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
$139$1341,830 SF2006
$154$1542,673 SF2007
$159$1582,675 SF2007
$189$1872,461 SF2007
$248$2482,656 SF2007
$310$3213,712 SF2007
$731$7111,846 SF2008

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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