Over-assessed vs. comparables

2912 Edgewater Dr

Orlando, 32804 · Orange County, Florida · commercial property · 2,640 sq ft · Fla. Stat. s.193.011(8)

$3,845estimated 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$953,037
What the comparable sales support$738,233
Estimated over-assessment$214,804 · 22.5%
Comparable basis$311/SF
Estimated tax saved / year$3,845

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 5 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
$202$1992,350 SF1968
$215$2042,400 SF1961
$290$3112,754 SF1982
$365$3682,400 SF1973
$406$4322,488 SF1983

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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