Over-assessed vs. comparables

100 W Royal Palm Rd

Boca Raton, 33432 · Palm Beach County, Florida · commercial property · 4,400 sq ft · Fla. Stat. s.193.011(8)

$13,222estimated overpaid in property tax / year

This property's assessment sits above the comparable basis its tax bill should follow — a strong opening for an appeal.

What the public records show

Palm Beach public rollFlorida
Current assessment$1,964,285
What the comparable sales support$1,233,767
Estimated over-assessment$730,518 · 37.2%
Comparable basis$330/SF
Estimated tax saved / year$13,222

Straight from the public Florida roll. The estimated saving applies an estimated composite millage to the over-assessment. We adjust comparables for size, age, and location before we say a word about your property — and we never name owners.

The comparable basis

The 8 comparable sales behind the number

Each comparable is adjusted toward this property for size and age, then we take the median. Owners are never named — only the public sale figures matter.

Comparable sale $/SFAdjusted $/SFSizeBuilt
$242$2322,895 SF1973
$247$2554,658 SF1979
$258$2665,040 SF1977
$287$2935,744 SF1972
$325$3283,842 SF1978
$324$3325,563 SF1974
$454$4323,557 SF1968
$461$4413,599 SF1969

Why this is the lever

Fla. Stat. s.193.011(8)

Under s.193.011(8), Just Value must be net of the usual and reasonable costs of sale (customarily ~15%). Where an assessment meets or exceeds the gross price comparable properties actually sold for, it cannot reflect net-of-cost just value, and the Value Adjustment Board can reduce it.

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