Over-assessed vs. comparables

14020 Us Highway 1

Juno Beach, 33408 · Palm Beach County, Florida · commercial property · 5,192 sq ft · Fla. Stat. s.193.011(8)

$9,373estimated 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$2,401,576
What the comparable sales support$1,883,717
Estimated over-assessment$517,859 · 21.6%
Comparable basis$427/SF
Estimated tax saved / year$9,373

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
$292$2954,892 SF2000
$355$3513,864 SF2000
$395$3904,816 SF1996
$411$3985,286 SF1990
$420$4205,952 SF1994
$445$4345,768 SF1990
$462$4786,500 SF1999
$569$5745,188 SF1999

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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