Over-assessed vs. comparables

257 S Lake Destiny Dr

Orlando, 32810 · Orange County, Florida · commercial property · 7,018 sq ft · Fla. Stat. s.193.011(8)

$5,699estimated 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$1,769,261
What the comparable sales support$1,450,884
Estimated over-assessment$318,377 · 18.0%
Comparable basis$230/SF
Estimated tax saved / year$5,699

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
$120$1206,664 SF1987
$150$1497,422 SF1984
$159$1576,600 SF1985
$180$1816,670 SF1988
$203$2056,696 SF1989
$263$2545,040 SF1985
$273$2737,150 SF1986
$288$2886,664 SF1987

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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