Over-assessed vs. comparables

1601 Lee Rd

Winter Park, 32789 · Orange County, Florida · commercial property · 10,202 sq ft · Fla. Stat. s.193.011(8)

$15,801estimated 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$2,388,950
What the comparable sales support$1,506,195
Estimated over-assessment$882,755 · 37.0%
Comparable basis$164/SF
Estimated tax saved / year$15,801

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
$87$8410,330 SF1950
$98$935,612 SF1956
$108$1088,352 SF1962
$102$10910,771 SF1969
$114$11612,987 SF1955
$199$21212,174 SF1966
$205$21312,672 SF1960
$266$2739,007 SF1964

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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