Over-assessed vs. comparables

281 Circle Dr

Maitland, 32751 · Orange County, Florida · commercial property · 998 sq ft · Fla. Stat. s.193.011(8)

$3,117estimated 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$492,920
What the comparable sales support$318,790
Estimated over-assessment$174,130 · 35.3%
Comparable basis$355/SF
Estimated tax saved / year$3,117

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
$231$238994 SF1951
$256$2621,170 SF1946
$261$2671,224 SF1945
$276$2791,052 SF1946
$347$3511,008 SF1947
$348$3591,064 SF1950
$407$3991,056 SF1940
$578$589952 SF1950

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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