Over-assessed vs. comparables

236 S Lucerne Cir E

Orlando, 32801 · Orange County, Florida · commercial property · 6,710 sq ft · Fla. Stat. s.193.011(8)

$6,576estimated 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$2,229,278
What the comparable sales support$1,861,930
Estimated over-assessment$367,348 · 16.5%
Comparable basis$308/SF
Estimated tax saved / year$6,576

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
$67$708,526 SF1922
$264$2603,462 SF1925
$269$2743,712 SF1931
$273$2877,686 SF1925
$314$3084,789 SF1920
$396$3903,445 SF1925
$551$5213,720 SF1916
$753$7606,676 SF1920

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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