Possible over-assessment

237 Inlet Way 1

Palm Beach Shores, 33404 · Palm Beach County, Florida · multifamily property · 4,198 sq ft · Fla. Stat. s.193.011(8)

$7,616estimated 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$1,601,343
What the comparable sales support$1,180,546
Estimated over-assessment$420,797 · 26.3%
Comparable basis$331/SF
Estimated tax saved / year$7,616

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
$63$7514,228 SF1969
$79$9711,420 SF1979
$198$23610,464 SF1971
$238$28313,050 SF1971
$329$3265,768 SF1955
$328$3355,563 SF1962
$340$3707,728 SF1965
$386$4328,560 SF1967

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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