Over-assessed vs. comparables

7055 S Semoran Blvd

Orlando, 32822 · Orange County, Florida · commercial property · 6,292 sq ft · Fla. Stat. s.193.011(8)

$26,223estimated 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$3,713,948
What the comparable sales support$2,248,964
Estimated over-assessment$1,464,984 · 39.5%
Comparable basis$397/SF
Estimated tax saved / year$26,223

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
$253$2485,892 SF1995
$248$2547,470 SF1999
$329$3367,892 SF1997
$336$3486,476 SF2005
$355$3666,684 SF2003
$429$4285,476 SF2000
$470$4857,000 SF2002
$549$5435,187 SF1999

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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