Over-assessed vs. comparables

8340 South Park Cir Unit 130

Orlando, 32819 · Orange County, Florida · industrial property · 3,365 sq ft · Fla. Stat. s.193.011(8)

$2,909estimated 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$818,030
What the comparable sales support$655,520
Estimated over-assessment$162,510 · 19.9%
Comparable basis$216/SF
Estimated tax saved / year$2,909

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$1583,750 SF2008
$163$1654,900 SF2016
$161$1684,900 SF2022
$193$1903,710 SF2018
$220$2122,500 SF2021
$214$2214,900 SF2020
$284$2582,820 SF2008
$267$2643,000 SF2023

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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