Over-assessed vs. comparables

15940 Orange Blvd

Loxahatchee, 33470 · Palm Beach County, Florida · commercial property · 14,714 sq ft · Fla. Stat. s.193.011(8)

$31,443estimated 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$5,577,547
What the comparable sales support$3,840,364
Estimated over-assessment$1,737,183 · 31.1%
Comparable basis$307/SF
Estimated tax saved / year$31,443

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
$244$22916,004 SF1996
$240$24112,636 SF2014
$282$27114,198 SF2003
$280$27214,058 SF2005
$318$3049,288 SF2009
$303$31012,320 SF2018
$333$31815,072 SF2001
$343$33618,756 SF2001

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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