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The data indicates there is value difference from the east & west sides of AIA as well This data would indicate there is probably condition/adjustment issues on both sides, hence the SM deemed the best valuation to be utilizing the price per sf from the most similar size properties. The data also indicates there is a value difference from the east & west sides of A l A as well. The SM calculated all 7 sales from both parties which returned a value of $772,641 (3/4 /0 lower PAO value). The SM stratified down to PAO sales 1, 4 and PET sale 1 being most similar in dwelling size with all having smalh parcels and not directly on AIA. These three sales return a value of $868,846. This value is higher than the PAO revised value after their adjustments since Trim. All seven sales are close to the PAO revised value (3/4%diff6ent) which does not require any additional revisions. The subject Just/Market value was originally set at $1,000,766. Prior to the hearing the trim notice was reduced to 778,680 (trim notice dated (08/23/2023). This was not updated in the Axia system prior to the hearing. This indicates that a revision was warranted from the initial Trim notice to the supported value of the second Trim notice. { In conclusion, it is the magistrate's opinion that the PAO estimate of value is adequately supported and the PET failed to overcome the evidence presented by the PAO based on all the data presented. Factoring_ all the evidence provided, 3 $778,680 is a supported Just Value for the subject. The PET request for a lower valuation is denied based on the evidence presented. Conclusions of Law for Petition 2023-029: Florida Law allows the Property Appraiser to establish a presumption of correctness. For the Property Appraiser to establish a presumption of correctness for the assessment, the admitted evidence must prove by a preponderance of the evidence that the Property Appraiser's just valuation methodology complies with Section 193.011, Florida Statutes and professionally accepted appraisal practices. In the instant matter, the Property Appraiser established a presumption of,, correctness for the assessment because the admitted evidence proves by a preponderance of the evidence that the Property Appraiser's just valuation methodology complies with Section 193.011, Florida Statutes and professionally accepted appraisal practices. Since the Property Appraiser established a presumption of correctness, the Petitioner must overcome the established presumption of correctness by proving -that the admitted evidence fails to prove by a ,. preponderance of the evidence that: (a) the Property Appraiser's just valuation does not represent just value; or (b) the Property Appraiser's just valuation is arbitrarily based on appraisal practices that are different from the appraisal practices generally applied by the Property Appraiser to comparable property within the same county. In the instant matter, the Petitioner failed to overcome the Property Appraiser's established presumption of correctness because the admitted evidence fails to prove by a preponderance of the evidence that: (a) the Property Appraiser's just valuation does not represent just value; or (b) the Property Appraiser's just valuation is arbitrarily based on appraisal practices that are different from the appraisal practices generally applied by the Property Appraiser to comparable property within the same county. Therefore the appraisal should be upheld. 2023-029 -28- Page 3 of 3