Over-assessed vs. comparables

4600 N World Dr Unit Cu-1

Bay Lake, 32830 · Orange County, Florida · commercial property · 952 sq ft · Fla. Stat. s.193.011(8)

$1,765estimated 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$289,170
What the comparable sales support$190,584
Estimated over-assessment$98,586 · 34.1%
Comparable basis$222/SF
Estimated tax saved / year$1,765

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
$204$201957 SF2006
$222$218957 SF2006
$224$220957 SF2006
$224$220957 SF2006
$225$221957 SF2006
$227$223957 SF2006
$251$247957 SF2006
$256$252957 SF2006

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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