Over-assessed vs. comparables

183 NE 2nd Ave

Delray Beach, 33444 · Palm Beach County, Florida · commercial property · 800 sq ft · Fla. Stat. s.193.011(8)

$2,282estimated 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$706,718
What the comparable sales support$580,654
Estimated over-assessment$126,064 · 17.8%
Comparable basis$854/SF
Estimated tax saved / year$2,282

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
$167$1841,196 SF1962
$344$3541,163 SF1949
$371$4091,200 SF1962
$556$557900 SF1950
$585$6431,170 SF1962
$1066$1065408 SF1962
$1093$11141,080 SF1949
$1297$1343887 SF1957

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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