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Applying the correct methodology, provided a range of preliminary values from <br />the comparable sales, between $3,770,520 to $4,707,941 with an average of <br />$4,177,639. After a 15% cost of sale deduction, a just value of $3,550,993 or $805 <br />SF is indicated. The just value indication for the subject at $805 SF is at the lower <br />end of the range ($625 SF to $1,247 SF) of the comparables and below the average <br />of $933 SF, due to the majority of the comparables being smaller than the subject. <br />The admitted evidence was determined to be sufficiently relevant and credible to <br />meet the standard of proof (Rule 12D-9.027(6), F.A.C.). Based on the evidence <br />presented by both the PA and the petitioner, the record contains competent <br />substantial evidence that cumulatively meets the criteria of section 193.011 F. S. as <br />necessary to determine just value: Therefore, the Special Magistrate has <br />established a revised value. <br />Conclusions of law for petition 2024-162 <br />As part of an administrative review under Chapter 194 Part I and III, 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. The establishment of the revised just value is authorized by law <br />under section 194.301 F. S. and as a result, it has been applied in this administrative <br />review. As a result of the revised just value applied in this administrative review, <br />the petitioner is granted partial relief. <br />2024-162 <br />Page 7 <br />-81- <br />Page 8 of 8 <br />