Over-assessed vs. comparables

430 E Lyman Ave

Winter Park, 32789 · Orange County, Florida · commercial property · 2,867 sq ft · Fla. Stat. s.193.011(8)

$6,830estimated 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$1,198,062
What the comparable sales support$816,515
Estimated over-assessment$381,547 · 31.9%
Comparable basis$316/SF
Estimated tax saved / year$6,830

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
$264$2633,462 SF1925
$263$2782,854 SF1942
$269$2793,712 SF1931
$300$2882,449 SF1925
$322$3132,258 SF1929
$330$3202,274 SF1928
$355$3422,535 SF1925
$396$3943,445 SF1925

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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