Over-assessed vs. comparables

1423 N Dixie Hwy

Lake Worth, 33460 · Palm Beach County, Florida · commercial property · 1,682 sq ft · Fla. Stat. s.193.011(8)

$2,311estimated 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$582,815
What the comparable sales support$455,110
Estimated over-assessment$127,705 · 21.9%
Comparable basis$318/SF
Estimated tax saved / year$2,311

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 5 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$2291,440 SF1965
$270$2622,038 SF1948
$344$3181,163 SF1949
$355$3541,550 SF1959
$539$5411,764 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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