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Rebuttal Testimony:
<br />The both parties agreed that anything that was presented in rebuttal was ok to be
<br />admitted in to evidence. This included the email from Serve Pro regarding the
<br />damage, a timeline history for the subject, MLS listings and the copy of the
<br />purchase money mortgage submitted (by the PA). The PA testified that the subject
<br />was purchased in 2024. The PA testified that they submitted 6 good comparable
<br />sales and that the petitioner didn't present any better sales. No other testimony or
<br />evidence was presented by either party that wasn't discussed during the
<br />presentation of evidence.
<br />Special magistrate's analysis and finding of facts:
<br />The comparable sales presented by the PA were considered adequate for the
<br />analysis and valuation of the subject's just value. However, the methodology
<br />utilized by the PA, of deducting the cost of sale from the purchase price and not
<br />from the indication of preliminary value (after making adjustments to the
<br />comparables) was incorrect methodology and resulted in a higher indication of just
<br />value. As a result, the presumption of correctness was not established. The
<br />admitted evidence from the PA did not prove by the preponderance of the evidence
<br />that the property appraiser's just value methodology complied with the 8 Criteria
<br />of Section 193.011, F.S. and professionally accepted appraisal practices.
<br />Utilizing the PA's comparable sales and the adjustments applied to the comparable
<br />sales indicated the following:
<br />Petition 2024-155
<br />Subject
<br />Comp 11
<br />Comp 21
<br />Comp 3�_
<br />Comp 4L_
<br />Comp 5-
<br />Comp 6'
<br />7777
<br />7762
<br />3380 13
<br />86 Blue Island St
<br />100 Wood Stork Way
<br />514 Cross Creek
<br />633 Yearling Trl
<br />Grand Oak
<br />Grand Oak Cir
<br />Old Dixie Hwy
<br />-
<br />-
<br />l
<br />Sale Price
<br />$ 1,016,964
<br />$ 600,000
<br />$ 900,000
<br />$1,126,000
<br />$ 775,000
<br />$ 7_68,000
<br />$ 865,000
<br />SF A/C
<br />3473
<br />2,424
<br />3,904
<br />3,884_
<br />2,721
<br />3,089
<br />2,549
<br />$'s SF A/C
<br />$ 293
<br />_
<br />$ 248
<br />$ 231
<br />$ 290
<br />$ 285
<br />$ 249
<br />$ 339
<br />Size adj $ 175
<br />$ 183,575
<br />$ (75,425)
<br />$ (71,925)
<br />$ 131,600
<br />$ 67,200
<br />$ 161,700
<br />Land Size
<br />0.58
<br />0.33 $ 35,000
<br />0.651
<br />1.22 $ (100,000)
<br />0.55 $ -
<br />0.5
<br />0.57 $ -
<br />Condition $ 75
<br />$ 181,800
<br />$ 292,800
<br />$ 291,300
<br />$ 204,075
<br />$ 231,675
<br />$ -
<br />Baths 3.5
<br />3.5
<br />3 $ 10,000
<br />3 $ 10,000
<br />3.5
<br />3 $ 10,000
<br />3 $ 10,000
<br />3 $ 10,000
<br />Garages 1
<br />3
<br />3
<br />3
<br />3
<br />3
<br />2$ 10,000
<br />Pool
<br />Yes
<br />No $ 75.000
<br />Yes
<br />Yes $
<br />Yes $ -
<br />Yes $ -
<br />Yes _
<br />Tota I Adjustments
<br />$ 485,375
<br />$ 227,375
<br />$ 119,375
<br />$ 345,675
<br />$ 308,875
<br />$ 181,700
<br />Preliminary Value
<br />$1,117,063
<br />$ 1,085,375
<br />$1,127,375
<br />$1,245,375
<br />$ 1,120,675
<br />$ 1,076,875
<br />$1,046,700
<br />Less COS 15%
<br />$ (162,806)
<br />$ (169,106)
<br />$ (186,806)
<br />$ (168,101)
<br />$ (161,531)
<br />$ (157,005)
<br />Just Value
<br />$ 949,503
<br />$ 922,569
<br />$ 958,269
<br />$1,058,569
<br />$ 952,574
<br />$ 915,344
<br />$ 889,695
<br />Average
<br />$ 316
<br />$ 381
<br />$ 245
<br />$ 273
<br />$ 350
<br />$ 296
<br />$ 349
<br />Applying the correct methodology, provided a range of preliminary values from
<br />the comparable sales, between $1,046,700 to $1,245,375 with an average of
<br />Page 4
<br />2024-155 Page 5 of 6
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