Over-assessed vs. comparables

4498 Tv Tower Rd

Orlando, 32820 · Orange County, Florida · industrial property · 8,523 sq ft · Fla. Stat. s.193.011(8)

$7,774estimated 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$2,178,331
What the comparable sales support$1,744,024
Estimated over-assessment$434,307 · 19.9%
Comparable basis$227/SF
Estimated tax saved / year$7,774

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
$92$895,726 SF1970
$110$1098,786 SF1967
$172$17710,480 SF1972
$183$18610,890 SF1968
$222$2146,528 SF1967
$245$2417,437 SF1969
$405$3756,420 SF1960
$414$3995,800 SF1969

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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