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i i Because a preliminary value was not established: by the PA and a COS deduction was not shown in the, analysis of thecomparable sales, the presumption o correctness for the assessment was not established. The admitted evidence from the PA did-not prove by the preponderance. of the evidence thatthe property appraiser's just value methodology complied with the. first and eighth criteria. of section 193.011, F.S. and professionally accepted appraisal practices::: Establishing a preliminary value for the subject based on using the average sale price of the two comparable sales presented by: the PA- at $950: SF, and :deducting: a 15% COS, results in a just value for the subject:of $808 SF.or $476,250. This is above the just value of $789. SF or $465;250 for the. subject. Although the petitioner presented: evidence that the subject property may beover assessed, the petitioner did not present: competent substantial evidence into the. record to support a lower just value. The 2020: sale presented were not adjusted for market appreciation and the July 2023 sales was:after the. date of value of 1/1/2023.. Conclusions of law for petition 2023-068 As part of an administrative.review under Chapter 194.Part I and III,.F.S., a revised just value can be established because the record contains competent substantial evidence of just value, that meets'the necessary criteria and supports the lust value as of January 1. The establishment of the revised just value is authorized 'by law under section 194.301 F.S. and as*result, it has been applied in this administrative review. Provisions of section 194.301, F.S. require that the just valuation standards of section 193.011 F.S., which includes the eight criteria, must be followed regardless of whether the property was sold, the valuation approaches used, whether single property appraisal techniques or mass appraisal techniques were used. To not apply, when otherwise warranted, the eighth criterion in an administrative :review because the property has not sold or based on the. valuation'. approach or technique used, would result in an arbitrary appraisal practice udder subparagraph 194.301 (2)(a)3 FS. Therefore, it has been applied in-this administrative review. Asa result of the revised just value applied in this sdministrative.review, thePA estimate of just value is upheld and the petition is denied. Page 3 2023-068 -52- Page 4 of 4