Over-assessed vs. comparables

15267 E Colonial Dr

Orlando, 32826 · Orange County, Florida · commercial property · 720 sq ft · Fla. Stat. s.193.011(8)

$5,792estimated 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$829,670
What the comparable sales support$506,093
Estimated over-assessment$323,577 · 39.0%
Comparable basis$781/SF
Estimated tax saved / year$5,792

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
$243$231863 SF1956
$241$265870 SF1985
$290$303581 SF1983
$545$582704 SF1984
$744$7651,075 SF1966
$790$797747 SF1971
$907$874744 SF1962
$848$918879 SF1982

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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