Possible over-assessment

1401 10th St

Lake Park, 33403 · Palm Beach County, Florida · commercial property · 1,798 sq ft · Fla. Stat. s.193.011(8)

$803estimated 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$583,015
What the comparable sales support$538,632
Estimated over-assessment$44,383 · 7.6%
Comparable basis$352/SF
Estimated tax saved / year$803

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
$224$2241,440 SF1965
$284$2932,288 SF1962
$292$3022,058 SF1965
$319$3101,825 SF1955
$355$3461,550 SF1959
$373$3581,368 SF1958
$402$3871,767 SF1954
$539$5291,764 SF1958

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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