Possible over-assessment

340 Thorpe Rd

Orlando, 32824 · Orange County, Florida · industrial property · 4,000 sq ft · Fla. Stat. s.193.011(8)

$14,813estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Orange public rollFlorida
Current assessment$1,890,184
What the comparable sales support$1,062,616
Estimated over-assessment$827,568 · 43.8%
Comparable basis$295/SF
Estimated tax saved / year$14,813

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
$174$1824,099 SF2006
$232$2383,875 SF2003
$269$2824,080 SF2006
$273$2864,099 SF2006
$274$2884,739 SF2003
$291$3033,778 SF2006
$295$3094,100 SF2006
$313$3152,700 SF2005

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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