Over-assessed vs. comparables

8150 Presidents Dr

Orlando, 32809 · Orange County, Florida · industrial property · 14,392 sq ft · Fla. Stat. s.193.011(8)

$19,160estimated 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$3,588,646
What the comparable sales support$2,518,231
Estimated over-assessment$1,070,415 · 29.8%
Comparable basis$194/SF
Estimated tax saved / year$19,160

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
$83$8014,985 SF1983
$164$15614,010 SF1982
$169$16412,421 SF1988
$186$17812,388 SF1985
$180$18216,208 SF1990
$214$20714,536 SF1984
$211$21214,220 SF1992
$222$21712,384 SF1989

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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