Possible over-assessment

121 Commerce Rd

Boynton Beach, 33426 · Palm Beach County, Florida · industrial property · 15,240 sq ft · Fla. Stat. s.193.011(8)

$3,928estimated 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$3,632,035
What the comparable sales support$3,415,031
Estimated over-assessment$217,004 · 6.0%
Comparable basis$264/SF
Estimated tax saved / year$3,928

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
$198$18614,170 SF1988
$202$19314,834 SF1989
$234$23412,194 SF2002
$242$24412,392 SF2003
$251$25819,547 SF1998
$268$26915,503 SF1999
$342$34311,404 SF2004
$341$34512,376 SF2004

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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