Over-assessed vs. comparables

2479 Aloma Ave Unit D

Winter Park, 32792 · Orange County, Florida · commercial property · 2,376 sq ft · Fla. Stat. s.193.011(8)

$3,016estimated 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$686,660
What the comparable sales support$518,171
Estimated over-assessment$168,489 · 24.5%
Comparable basis$242/SF
Estimated tax saved / year$3,016

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
$139$1421,830 SF2006
$154$1632,673 SF2007
$159$1682,675 SF2007
$189$1982,461 SF2007
$262$2422,122 SF1985
$258$2432,049 SF1989
$248$2632,656 SF2007
$296$2792,533 SF1985

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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