Laserfiche WebLink
Petitioner -did prove by a preponderance that the property appraiser's valuation does not represent just value or is <br />arbitrarily: based .on :appraisal -practices: that are: different from those: generally: applied by:the property appraiser to <br />comparable property in Indian River County.' <br />rat <br />The magiste: recommends a Revised Just Value of $640,600:: <br />Conclusions of Law -for -Petition. 2024-067- <br />Florida Law.allows the Property:Appraiser to;establisli:a presumption of:c6irectness::For the: Property:Appraiser::to:: <br />establish a:presumption of correctness for the assessment; the admitted evidence. must prove by a preponderance of the <br />. evidence that the: Property Appraiser's just valuation methodology complies with Section Y93.011,:Florida :Statutes and <br />professionally accepted: appraisal practices. In the instant matter, the Property Appraiser established a presumption of <br />correctness for:the assessment because the admitted: evidence proves by: a:preponderance of:thei tyidence that the <br />Property Appraiser's just valuation methodology complies with Section 193.011; Florida Statutes: and and <br />accepted: appraisal -practices -Since th'Tioperty. Appraiser established:a presumption of correctness;: the Petitioner <br />must overcomeahe established presumption of correctness by proving that the admitted evidence proves by a <br />preponderance:of the' evidence that' (a) the Property Appraiser.'s just valuation does:not represent just value; or (b) the <br />Property. Appraiser's just valuation is arbitrarily based on appraisal practices that are different from the appraisal . <br />practices generally applied by: the Property Appraiser to comparable property:within the same county. In the instant . <br />matter, the Petitioner over the Property. Appraiser's established presumption_ of correctness because the admitted <br />evidence proves by a'preponderance of the evidence:that (a) the'.Property Appraiser's: just valuation does not represent <br />just value; or (b) the Property Appraiser's just valuation is arbitrarily based on appraisal practices: that are different <br />from the: appraisal practices generally applied by. the Property Appraiser to comparable. property within the: same <br />county. Further," competent substantial evidence of just value which cumulatively_meets the:criteria of Section 193.011, <br />Florida Statutes, and professionally: accepted: appraisal :practice's exists in the record: for Special. Magistrate to establish <br />a revised just value.: <br />2024-067.:..: .` Page 4 -of 4 <br />-1.7- <br />