Possible over-assessment

500 E Michigan St

Orlando, 32806 · Orange County, Florida · commercial property · 1,298 sq ft · Fla. Stat. s.193.011(8)

$575estimated 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$475,018
What the comparable sales support$442,895
Estimated over-assessment$32,123 · 6.8%
Comparable basis$379/SF
Estimated tax saved / year$575

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
$107$1111,547 SF1974
$181$1801,380 SF1966
$205$1991,267 SF1963
$244$2461,113 SF1973
$369$3691,368 SF1968
$412$3891,300 SF1958
$409$4021,210 SF1967
$571$5551,200 SF1965

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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