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Florida Statute 194:301 (1)incorporates section 193:011(8) whichprovides for -the <br />PA to: deduct a .cost of sale .(COS) in arriving at just value :assessments and requires <br />the PA to .present evidenceshowing PA's COS deductions. as -reported on Form <br />DR 493 because such deductions w;exe applied -in making just value assessments: <br />and areprofessionally acceptedappraisal-practices:: In addition, to not make. a COS <br />deduction. to the°subject property, the PA would riot. adhere to section . <br />194:301(2)(6)3., FS.,_ which:precludes the PA :in appfaising 'the:.petitio'n, ed <br />property, from using appraisal practices: that are arbitrarily. ._different -from the: <br />appraisal practices. the' PA. applied t0 the comparable, properties within the'county: <br />Because a preliminary value was not established by the PA and a COS deduction.. <br />was: not shown 'in. the:: analysis of the comparable sales, :the presumption of <br />correctness for the: assessment was:not established. The: adtn_ittie:d evidence fro'i the <br />PA did.i of prove by the:preponderance of the evidence that the property <br />appraiser's.just value:methodology cornplied.with the.first and eighth.criteria.of <br />section 193:011, F S.' and professionally accepted appraisal practices.:: <br />The: establishment. of:°a preliminary value for the subj ect was based on using the. . <br />June 2023 sale of:the: subjectfor $2:$50,000 Deducting a 15% COS, :results in a <br />just value for the subject of $2,422,500.::.`: <br />Conclusions of law for petition 2024=149 <br />'As part of an administrative,review:under Chapter J94_Paft I and Ill, F.S , a revised <br />just:value can be.established-because the record contains competent substantial <br />evidence of just, value, :that meets: the necessary criteria and supports the just: value <br />as -of January 1' Theestablishment of.the revised just value'is authorized:by law <br />under section 194:301 F S aid as a result, it has been=applied it this.adriinistrative <br />:review::: <br />Provisions of section:- <br />ection 194.361'. F.S,. require that the justvaluatioin standards of <br />sectibn 193.011; F.S.; which includes the eight criteria, must be followed <br />regardless of whether the property was sold, the valuation approaches used, <br />A single property appraisal techniques or mass appraisal -techniques were <br />;used.. _To not apply, when; otherwise warranted, the eighth criterion iii an <br />administrative review because the property.. has: not sold: or based on the valuation <br />approach or technique used, would: result m. -an- arbitrary appraisal practice under <br />:_subparagraph 194.301:(2)(a)3 -VS.. --::Therefore, it has been.applied in this <br />administrative review. As -a result of -the revised just value applied in this - <br />.. _. <br />administrative review, thepetitioner i - granted partial relief - <br />Page 3 <br />2024-149:: Page 4 of 4 <br />