Possible over-assessment

2003 Lion Country Safari Rd

Loxahatchee, 33470 · Palm Beach County, Florida · commercial property · 40,890 sq ft · Fla. Stat. s.193.011(8)

$129,046estimated 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$14,463,272
What the comparable sales support$7,333,676
Estimated over-assessment$7,129,596 · 49.3%
Comparable basis$211/SF
Estimated tax saved / year$129,046

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
$147$14620,680 SF1976
$163$16322,356 SF1977
$201$21150,037 SF1973
$253$25153,394 SF1961
$641$62836,682 SF1966

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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