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Findings of Fact: <br />Denied by Special Magistrate at Hearing & after Tax Roll <br />Property Appraiser's evidence included cover sheet, Florida Statutes, evidence exchange, <br />property card, tax return, and working papers. PAO used the 2014 tax return and the <br />standard depreciation from DOR Guidelines to assess property. <br />Petitioner's evidence included a summary letter and attachments:Florida Dept of <br />Revenue Bulletin PTA -00-02 <br />Florida Dept of Revenue code 12D-1.002 definition of Just Value <br />Florida Dept of Revenue code 193.011 Factors to consider in deriving just valuation <br />Broward County VAB findings tax year 2002 <br />Tangible property tax return for year ended December 31, 2013 <br />Broward County Appraiser's work sheet for year ended December 31,2013 <br />Spread sheet for all equipment owned as of December 31, 2013 <br />Letter from Laser Mechanisms stating value of used laser components <br />Email from Efficient Designs Inc stating offer to buy laser for $2500 purchased 1 year <br />earlier for $25,525 <br />Letter from Laser Electronics stating value of Laser is $0.00 <br />Copy of agreement with K.D. Capital to sell Plate Laser (no buyer was found and laser <br />was sold at auction). <br />Auction results from Moecker Auctions. <br />Special Magistrate can not revise prior years tax returns. PAO did consider Florida <br />Statute 193.016. <br />Auction Sales, sales to rebuilders or brokers does not represent Fair Value. <br />Spread sheet has $0 value for some items, all items should have a value. <br />Petitioner but did not adjust values on assets which over the values submitted. <br />Petition is denied. <br />Conclusions of Law: <br />Florida Law requires the Property Appraiser to establish a presumption of correctness. <br />For the Property Appraiser to establish a presumption of correctness for the assessment, <br />the admitted evidence must prove by a preponderance of the evidence that the Property <br />Appraiser's just valuation methodology complies with Section 193.011, Florida Statutes <br />and professionally accepted appraisal practices. In.the instant matter, the Property <br />Appraiser established a presumption of correctness for the assessment because the <br />admitted evidence proves by a preponderance of the evidence that the Property <br />Appraiser's just valuation methodology complies with Section 193.011, Florida Statutes <br />and professionally accepted appraisal practices. Since the Property Appraiser established <br />a presumption of correctness, the Petitioner must overcome the established presumption <br />of correctness by proving that the admitted evidence fails to prove by a preponderance of <br />the evidence that: (a) the Property Appraiser's just valuation does not represent just <br />value; or (b) the Property Appraiser's just valuation is arbitrarily based on appraisal <br />practices that are different from the appraisal practices generally applied by the Property <br />Appraiser to comparable property within the same county. In the instant matter, the <br />Petitioner failed to overcome the Property Appraiser's established presumption of <br />correctness because the admitted evidence fails to prove by a preponderance of the <br />evidence that: (a) the Property Appraiser's just valuation does not represent just value; or <br />(b) the Property Appraiser's just valuation is arbitrarily based on appraisal practices that <br />-86- <br />