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The Petitioner adjusted the comparable sales 10%in his market grid for the cost of sale. The Property Appraiser made a time adjustment based on the Department of Revenue's 2023 time trend analysis.The Property Appraiser provided a 1 year time trend analysis.The DOR's time trend is for the entire county of Broward and not for the subject's market area. The time adjustment does appear to be appropriate for the subjects market area. The Petitioner stated his time adjustment was from Zillow and was for all of Broward County and not for the subject's market area. The Petitioner's time adjustment does not appear to be appropriate for the subjects market area. The Property Appraiser's comparables#2 and#4 and the Petitioner's comparables#2 and#6 are the best sales to indicate the subject's value as they were overall the most similar to the subject. The comparables should be adjusted appropriately for floor height as below. The Property Appraiser's comparables#2 and#4 and the Petitioner's comparables#2 and#6 should be adjusted as follows: 1201 S. Ocean Drive#1008N--Sold for$690,000,-0-Time Adjustment,+35,000 Inferior Floor Height=$725,000 Adjusted Purchase Price. 1201 S. Ocean.Drive#19065 --Sold for$655,000,-0-Time Adjustment, -5,000 Superior Floor Height=$650,000 Adjusted Purchase Price. 1201 S. Ocean Drive#2004N--Sold for$565,600, -0-Tune Adjustment,-10,000 Superior Floor Height=$555,600 Adjusted Purchase Price. The 3 comparable adjusted sales prices form a range between$555,600 to $725,000. By utilizing the mean, the preliminary value/present cash value for the subject is $643,533. In conclusion,the Special Magistrate recommends the Market/Just Value be changed to$643,533 (Preliminary Value/ Present Cash Value)less 10% (Cost of Sale) $64,353 for a Market/Just Value of$579,180. This change is recommended to comply with the 1st and 3rd criteria. The Petitioner overcame the Property Appraiser's established presumption of correctness because the admitted evidence proves by a preponderance of the evidence that the Property Appraiser's just valuation does not represent just value. The Property Appraiser did not take into consideration F.S. 193.011(1),which is the present cash value of the property, which is the amount a willing purchaser would pay a willing seller,exclusive of reasonable fees andcosts of purchase, in cash or the immediate equivalent thereof in a transaction at arm's length. The Property Appraiser did not take into consideration P.S. 193.011(3),which is the location of said property. Therefore,the Special Magistrate recommends the Just/Market value be changed to$579,180 and the Petition be Granted. Granted by Special Magistrate at Hearing&after Tax Roll, Conclusions of Law for Petition 2024 . Florida Law allows the Property Appraiser to establish a presumption of correctness. For the Property Appraiser to establish a presumption of correctness for the assessment, the admitted evidence must prove by a preponderance of the widence that the Property Appraiser's just valuation methodology complies with Section 193.011,Florida Statutes and professionally accepted appraisal practices. In the instant matter,the Property Appraiser established a presumption of orrectness for the assessment because the admitted evidence proves by a preponderance of the evidence that the iroperty Appraiser's just valuation methodology complies with Section 193.011, Florida Statutes and professionally accepted appraisal practices. Since the Property Appraiser established a presumption of correctness, the Petitioner nust overcome the established presumption of correctness by proving that the admitted evidence proves by a preponderance of the evidence that: (a)the Property Appraiser's just valuation does not represent just value; or(b) the 'roperty Appraiser's just valuation is arbitrarily based on appraisal practices that are different from the appraisal )ractices generally applied by the Property Appraiser to comprre property within the same county. In the instant 2024 Page 3 of 4