Possible over-assessment

104 SE 1st St

Delray Beach, 33444 · Palm Beach County, Florida · commercial property · 7,370 sq ft · Fla. Stat. s.193.011(8)

$3,084estimated overpaid in property tax / year

The public records suggest this property may be over-assessed, but the comparison is wide enough that we verify it by hand — free, with no obligation — before saying you have a case.

What the public records show

Palm Beach public rollFlorida
Current assessment$2,901,101
What the comparable sales support$2,730,719
Estimated over-assessment$170,382 · 5.9%
Comparable basis$436/SF
Estimated tax saved / year$3,084

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
$263$2516,456 SF2006
$274$2627,028 SF2005
$318$3199,288 SF2009
$450$4208,050 SF1998
$462$4246,500 SF1999
$450$44810,056 SF2005
$623$5787,225 SF1999
$627$6639,725 SF2018

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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