Over-assessed vs. comparables

5400 Butler National Dr

Orlando, 32812 · Orange County, Florida · commercial property · 20,880 sq ft · Fla. Stat. s.193.011(8)

$56,482estimated 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$7,924,177
What the comparable sales support$4,768,773
Estimated over-assessment$3,155,404 · 39.8%
Comparable basis$254/SF
Estimated tax saved / year$56,482

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
$169$16420,284 SF1991
$193$18316,548 SF1989
$200$19715,985 SF1998
$209$19914,091 SF1992
$222$22025,465 SF1990
$285$28814,364 SF2004
$344$34615,147 SF2003
$366$38820,096 SF2009

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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