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valuation to be utilizing the price per sf from the PAO 6 sales (removing the high 2023 sale 2) along with PET sales 1 <br />through 5 (removing PET older sale 6). The ten combined sales return a full value of $1,481,549 :and after the 15% cos. <br />is $1,259,316. <br />As no supporting data was presented on the condition of the comparables the adjustments afire not deemed credible! <br />supported. The PET commented that they reviewed the data;:` however, they did not present the MLS prior to the <br />hearing. The comments in the addendum were general and did not detail the condition of the comparables. <br />The PAO provided rebuttal data via email the morning of the hearing. This data was not accepted for the hearing as the <br />PET objected to the data. It was aerial photos from 201:8, 2020 &2022.:: <br />This data was discussed by both parties and not included in the valuation as the PAO data was attempted to be added <br />the morning of the hearing and the PET condition/MLS data was not uploaded prior to the hearing also. <br />The subject Just/Market value was $1,701;976 prior to the hearing and corrections to:the subject size in the records:: <br />The subject Just/Market value in the evidence after the PAO made corrections to the size of the subject was $1-,327975 <br />Which is still higher than the ten sales presented by both'paides. <br />In:conclusion, it is the magistrate's opinion that the -M & PE sales provided sufficient credible data to determine a <br />supported Just value for the subject. Factoring all the evidence provided, $1,259,316 is a supported Just Value for the <br />subject. The PET request for: a value revision from the original $1,7.01,976 is approved.based on the.evidence <br />presented. <br />Conclusions of Law for Petition 2023-015: ' <br />Florida Law allows the Property Appraiser to establish a presumptionof correctness. For the Property Appraiser to <br />establish a presumption of correctness for the'assessment, the admitted evidence must prove -b a preponderance of the <br />evidence that the Property Appraiser's just valuation: methodology complies with Section 193:�i 1, Florida Statutes: and <br />professionally accepted appraisal practices. In the instant matter, the Property Appraiser failed to establish a <br />presumption of correctness for the assessment because the admitted evidence fails to prove by a preponderance of the <br />evidence that the Property Appraiser's just valuation methodology complies with Section 193.011, Florida Statutes : d <br />professionally accepted appraisal practices. Turther,: competent substantial evidence: of just value which cumulatively <br />meets the criteria of Section 193.011, Florida Statutes, and professionally accepted appraisal practices exists iii the <br />record for Special Magistrate to establish a revised just value. :. <br />2023-015 _ 17 _ Page 3-of 3 <br />