Possible over-assessment

180 S Federal Hwy

Boca Raton, 33432 · Palm Beach County, Florida · commercial property · 3,550 sq ft · Fla. Stat. s.193.011(8)

$20,280estimated 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$2,272,659
What the comparable sales support$1,152,218
Estimated over-assessment$1,120,441 · 49.3%
Comparable basis$382/SF
Estimated tax saved / year$20,280

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
$161$1674,360 SF1953
$280$2803,610 SF1950
$288$2933,128 SF1956
$347$3443,742 SF1947
$362$3673,601 SF1952
$380$3974,080 SF1956
$496$5002,974 SF1955
$491$5073,667 SF1956

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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