Over-assessed vs. comparables

2600 High Ridge Rd

Boynton Beach, 33426 · Palm Beach County, Florida · industrial property · 7,706 sq ft · Fla. Stat. s.193.011(8)

$8,025estimated 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$2,348,030
What the comparable sales support$1,904,668
Estimated over-assessment$443,362 · 18.9%
Comparable basis$291/SF
Estimated tax saved / year$8,025

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
$186$1807,000 SF1987
$219$2229,800 SF1988
$240$2227,098 SF1978
$285$2646,900 SF1978
$284$2908,450 SF1993
$314$2926,050 SF1981
$320$2987,500 SF1978
$283$2998,316 SF2001

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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