Over-assessed vs. comparables

125 E Pine St Unit 2

Orlando, 32801 · Orange County, Florida · commercial property · 15,390 sq ft · Fla. Stat. s.193.011(8)

$16,552estimated 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$4,894,020
What the comparable sales support$3,969,342
Estimated over-assessment$924,678 · 18.9%
Comparable basis$287/SF
Estimated tax saved / year$16,552

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
$217$1979,450 SF2007
$211$20216,132 SF2009
$221$20714,925 SF2006
$217$2088,320 SF2019
$238$22715,330 SF2009
$369$34614,751 SF2006
$412$41812,887 SF2024
$430$43214,651 SF2020

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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