Over-assessed vs. comparables

8803 Futures Dr Ste 11

Orlando, 32819 · Orange County, Florida · commercial property · 1,934 sq ft · Fla. Stat. s.193.011(8)

$3,004estimated 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$524,890
What the comparable sales support$357,083
Estimated over-assessment$167,807 · 32.0%
Comparable basis$205/SF
Estimated tax saved / year$3,004

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
$103$1001,459 SF2007
$103$1001,459 SF2007
$104$1021,437 SF2007
$185$1811,459 SF2007
$185$1811,459 SF2007
$236$2301,800 SF2003
$237$2321,792 SF2004
$287$2842,001 SF2004

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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