Possible over-assessment

140 NW 18th Ave

Delray Beach, 33444 · Palm Beach County, Florida · industrial property · 3,825 sq ft · Fla. Stat. s.193.011(8)

$1,905estimated 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$1,195,142
What the comparable sales support$1,089,912
Estimated over-assessment$105,230 · 8.8%
Comparable basis$335/SF
Estimated tax saved / year$1,905

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
$47$463,860 SF1962
$253$2472,970 SF1963
$333$3213,756 SF1956
$320$3333,840 SF1971
$336$3354,172 SF1961
$320$3474,840 SF1974
$343$3593,150 SF1976
$366$3935,188 SF1970

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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