Over-assessed vs. comparables

5701 Carder Rd

Orlando, 32810 · Orange County, Florida · industrial property · 18,618 sq ft · Fla. Stat. s.193.011(8)

$25,782estimated 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$4,349,869
What the comparable sales support$2,909,507
Estimated over-assessment$1,440,362 · 33.1%
Comparable basis$174/SF
Estimated tax saved / year$25,782

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
$100$10622,746 SF1980
$131$12610,649 SF1974
$152$15422,005 SF1973
$172$16310,480 SF1972
$183$17110,890 SF1968
$165$17718,140 SF1987
$197$21018,568 SF1987
$211$22124,700 SF1976

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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