Over-assessed vs. comparables

719 Vassar St

Orlando, 32804 · Orange County, Florida · commercial property · 6,216 sq ft · Fla. Stat. s.193.011(8)

$3,435estimated 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$1,568,845
What the comparable sales support$1,376,960
Estimated over-assessment$191,885 · 12.2%
Comparable basis$246/SF
Estimated tax saved / year$3,435

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
$120$1206,664 SF1987
$166$1645,710 SF1989
$180$1806,670 SF1988
$190$1865,920 SF1986
$203$2056,696 SF1989
$288$2886,664 SF1987
$325$3225,701 SF1989
$327$3245,348 SF1990

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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