Possible over-assessment

181 SE 5th Ave

Delray Beach, 33483 · Palm Beach County, Florida · commercial property · 4,586 sq ft · Fla. Stat. s.193.011(8)

$17,344estimated 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$2,324,532
What the comparable sales support$1,366,317
Estimated over-assessment$958,215 · 41.2%
Comparable basis$351/SF
Estimated tax saved / year$17,344

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$1644,360 SF1953
$280$2773,610 SF1950
$274$2864,920 SF1955
$292$3084,445 SF1959
$347$3393,742 SF1947
$362$3623,601 SF1952
$380$3914,080 SF1956
$431$4404,875 SF1951

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.

Your free review

See the full comparable analysis and start your review

The number above is free. Enter your email and we'll send the full breakdown for 181 SE 5th Ave and tell you, with no obligation, whether it's worth filing. A licensed Florida agent handles everything from there. You pay only if your value comes down.

Get the full report
No upfront cost. We only get paid if we win your appeal.

More in Palm Beach County

Other Palm Beach County properties over the line