Possible over-assessment

1421 Oglethorpe Rd

West Palm Beach, 33405 · Palm Beach County, Florida · industrial property · 12,830 sq ft · Fla. Stat. s.193.011(8)

$5,835estimated 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$2,242,579
What the comparable sales support$1,920,222
Estimated over-assessment$322,357 · 14.4%
Comparable basis$176/SF
Estimated tax saved / year$5,835

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
$51$5111,360 SF1975
$165$1588,200 SF1973
$165$1588,200 SF1973
$152$16313,800 SF1987
$174$1667,200 SF1974
$193$18610,380 SF1971
$198$20713,154 SF1983
$246$2336,504 SF1973

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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