Over-assessed vs. comparables

229 Pasadena Pl

Orlando, 32803 · Orange County, Florida · commercial property · 1,704 sq ft · Fla. Stat. s.193.011(8)

$2,381estimated 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$589,670
What the comparable sales support$456,640
Estimated over-assessment$133,030 · 22.6%
Comparable basis$298/SF
Estimated tax saved / year$2,381

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
$104$1061,690 SF1952
$171$1761,752 SF1953
$211$2091,565 SF1948
$254$2511,497 SF1948
$296$2951,691 SF1948
$304$3001,480 SF1948
$367$3801,975 SF1952
$389$3901,812 SF1947

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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