Over-assessed vs. comparables

425 W Colonial Dr Unit 101

Orlando, 32804 · Orange County, Florida · commercial property · 581 sq ft · Fla. Stat. s.193.011(8)

$348estimated 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$92,730
What the comparable sales support$73,294
Estimated over-assessment$19,436 · 21.0%
Comparable basis$140/SF
Estimated tax saved / year$348

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
$132$135550 SF1989
$132$135550 SF1989
$136$140550 SF1989
$136$140550 SF1989
$136$140550 SF1989
$137$141546 SF1989
$159$163546 SF1989
$430$437552 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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